Reported 11 months ago
Guyana's agreement with an Exxon Mobil-led consortium in 2023 generated $6.33 billion for the partners, surpassing Nvidia's net margin percentage. The Stabroek offshore oil venture's revenue grew by 23% to $11.25 billion due to increased production. Hess's profits increased by 22%, and Guyana is adjusting its oil contract terms to increase government share to 27.5% after cost recovery.
Source: YAHOO