Latest update April 20th, 2026 12:59 AM
Latest News
Exxon’s Real Share – Clarification Sought
Dear Editor,
I have been looking at the numbers published on Guyana’s PSA with Exxon and have come up with the following assessment, which shows that Guyana in fact gets only 14.5 percent of total revenue, while Exxon gets 85.5 percent. This is rather curious. Stakeholders are encouraged to clarify for the sake of public consumption and appreciation.
Best Regards,
Craig Sylvester
| Distribution of Revenues Between Guyana, Exxon Based on Existing Contract | ||
| Percent | US$ | |
| REVENUE (US$100) | 100.00% | 100 |
| Royalty | 2.0% | 2.0 |
| Cost | 75.0% | 75.0 |
| Profit | 25.0% | 25.0 |
| Govt Share 50% | 12.5% | 12.5 |
| Exxon Share 50% | 12.5% | 12.5 |
| Govt Revenue | ||
| Royalty 2% | 2.0% | 2.0 |
| Profit 12.5% | 12.5% | 12.5 |
| Total without Exxon’s Income Taxes | 14.5% | 14.5 |
| Exxon Taxes Income | 3.4% | 3.4 |
| Govt Revenue With Exxon Inc. Tax | 17.9% | 17.9 |
| Exxon retains | ||
| Costs 75% | 75.0% | 75.0 |
| Profit 12.5% | 12.5% | 12.5 |
| less royalty 2% | -2.0% | -2.0 |
| Assumes Exxon Pays no Income Tax | 85.5% | 85.5 |
Share this:
Discover more from Kaieteur News
Subscribe to get the latest posts sent to your email.
Similar Articles
THE BLUNT OF THE DAY
Sports
…West Ruimveldt, Charlestown and Santa Rosa keep title in sight Kaieteur Sports – The road to schoolboy football glory is heating up, and the Petra Organisation made sure Sunday was nothing...
Features/Columnists
(Kaieteur News) – There was a time when Guyana was spoken of, not entirely jokingly, as Bookers Guyana. Bookers was not a man. It was the giant foreign-owned sugar concern whose influence stretched so wide that if you sneezed in Georgetown, someone in a London boardroom probably approved the...
Sir. Ronald Sanders
By Sir Ronald Sanders (Kaieteur News) –As with all my commentaries, this one is strictly in my personal capacity, drawing on more than fifty years of engagement with Caribbean affairs and a lifelong commitment to the cause of regional integration. I do not speak on behalf of any government or...
The GHK Lall Column
Kaieteur News – It’s one of those situations crying out for help. The best I can do, other than offering professional help, is to raise an alarm about a case that is worrying in all of its elements. It’s the Saga of Elizabth Shivpersaud. If this distressed, shorthanded, hollow-eyed,...
Weekend Cartoon
