ExxonMobil posts $14.5 B profit as Guyana protests demand full oil revenues

ExxonMobil Guyana $14.5 billion profit Stabroek Block protests over profit sharing

ExxonMobil reported second‑quarter 2026 earnings of $14.5 billion, more than double the profit a year earlier, driven by tight global oil supplies and record output from Guyana’s Stabroek Block, which is producing about 900,000 barrels per day. The company said it has paid off $55 billion of development and operating costs and expects its cost‑bank to be cleared within two years.

At the same time, Guyanese citizens took to the streets to protest the handling of the MV Barima disaster inquiry and to demand that the government enforce the 2016 Production Sharing Agreement, which would give Guyana a 50 percent share of oil revenues after the contractor recovers its costs. Opposition MP Saiku Andrews called for a halt to new Exxon projects until the country receives its full profit share. Workers on the project are reported to be paid $1.66 an hour.

Exxon’s CEO Darren Woods described the results as “truly in a league of our own,” while the protests highlighted growing public pressure over profit‑sharing and environmental concerns in the rapidly expanding oil sector.

Entities

BP · Calypso gas project · Darren Woods · ExxonMobil · Gordon Birrell · Guyana · Meg O'Neill · Saiku Andrews · Stabroek Block · Trinidad and Tobago · Woodside Energy

Claims

What the coverage asserts, and how many sources carry each claim.

[● 2 SOURCES] The transaction is expected to close by the end of 2026, subject to regulatory approvals. www.oilandgas360.com · www.oedigital.com
[○ 1 SOURCE] Woodside Energy will exit Trinidad and Tobago after decades of operations. www.bairdmaritime.com
[● 2 SOURCES] The Calypso field contains an estimated 3.5 trillion cubic feet of natural gas. www.bairdmaritime.com · www.oedigital.com
[DISPUTED] BP agreed to acquire Woodside Energy's 70% interest in the Calypso gas project offshore Trinidad and Tobago. www.bairdmaritime.com · www.oilandgas360.com · www.oedigital.com
[DISPUTED] BP's stake in Block TTDAA 14 increased from 30% to 100% as a result of the transaction. www.oilandgas360.com · www.oedigital.com
[○ 1 SOURCE] The Calypso project is located about 220 km offshore Trinidad in water depths of around 2,100 meters. www.oedigital.com
[DISPUTED] The acquisition gives BP 100% ownership and operatorship of the Calypso project. www.bairdmaritime.com · www.oilandgas360.com · www.oedigital.com
[● 2 SOURCES] BP is the largest supplier of natural gas to Trinidad and holds a 45% interest in the Atlantic LNG facility. www.bairdmaritime.com · www.oilandgas360.com
[○ 1 SOURCE] Opposition MP Saiku Andrews called for a halt to new Exxon projects until Guyana receives its full 50 % profit share. kaieteurnewsonline.com
[● 3 SOURCES] Exxon workers in Guyana are paid $1.66 per hour. jamaicainquirer.com · trinidadtribune.com · barbadosgazette.com
[● 3 SOURCES] ExxonMobil posted $14.5 billion profit in Q2 2026. jamaicainquirer.com · trinidadtribune.com · barbadosgazette.com
[DISPUTED] Exxon has paid off $55 billion of development and operating expenses in Guyana. kaieteurnewsonline.com