ExxonMobil has reached a major financial milestone in Guyana earlier than expected, fully recovering more…
ExxonMobil has reached a major financial milestone in Guyana earlier than expected, fully recovering more than US$55 billion invested in exploration, development and operating costs across the Stabroek Block. The achievement, announced during the company's second-quarter…
ExxonMobil has reached a major financial milestone in Guyana earlier than expected, fully recovering more than US$55 billion invested in exploration, development and operating costs across the Stabroek Block. The achievement, announced during the company's second-quarter earnings call on Friday, marks a turning point not only for Exxon and its partners, but also for Guyana, as a greater share of future revenues will now flow directly as free cash flow rather than toward recovering past investments.
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