Oil companies earned five times more than Guyana – Ram

Chartered accountant and commentator Christopher Ram says that the financials for three oil companies in the Stabroek Block showed that they earned five times more than Guyana did in 2023, another manifestation of what critics have cited as a grossly inequitable contract.

In his oil and gas column in last Friday’s Stabroek News, Ram presented summaries of the income statements of Esso (ExxonMobil’s subsidiary now named as ExxonMobil Guyana Limited), CNOOC and Hess to make his case.