(Reuters) – U.S. oil major Exxon Mobil (XOM.N), opens new tab on Tuesday reported $4.67 billion in profit from its Guyana operations in 2025, slightly lower than the previous year when oil prices were weaker.
Exxon leads the consortium that produces all of Guyana’s oil output and currently produces more than 900,000 barrels per day from the country.
Hess, a minority partner in the consortium and now owned by Chevron (CVX.N), opens new tab, earned $2.89 billion in 2025 according to its financial statement, down from $3.15 billion in 2024.
Benchmark Brent oil prices averaged $68.19 per barrel last year, about 15% lower than in 2024.
The U.S.-Israeli war on Iran that began in February has since caused Brent futures to rise to the $90 range.
