Guyana welcomes ExxonMobil and Chevron commitment to oil and gas development

The Government of Guyana has welcomed commitments from ExxonMobil and Chevron to partner in the country’s oil and gas development programs.

Speaking at the fifth edition of the Guyana Energy Conference and Supply Chain Expo, representatives of both companies emphasized their support for responsibly harnessing Guyana’s resources for the benefit of current and future generations.

Alistair Routledge, President of ExxonMobil Guyana, highlighted the company’s local content efforts, noting that US$3.6 billion has been spent to employ Guyanese and procure services from local businesses.

The Ministry of Natural Resources also acknowledged remarks by Mike Wirth, Chevron’s Chief Executive Officer, reaffirming the company’s commitment to partnering with Guyana, particularly in the Stabroek Block, where Chevron holds a 30% stake.

Natural Resources Minister Vickram Bharrat noted that from 2020 to 2025, oil production in Guyana rose from 120,000 barrels per day to over 900,000 barrels per day. He said this momentum is expected to deliver more benefits while cementing Guyana’s reputation as a premier producer of low-cost, low-emission resources.

The ministry emphasized that the growth of the sector is underpinned by robust laws governing local content, revenue expenditure, and environmental sustainability. In a statement, it said it remains committed to working with all stakeholders to ensure the country’s natural resources deliver inclusive and sustainable benefits for Guyanese and the wider region.