Exxon Guyana production exceeded 900,000 barrels per day in 2025, cementing the Stabroek Block as one of the most profitable offshore developments in the world. The performance of its four FPSOs enabled Hess Corporation to generate US$2,890 million in earnings attributable to Guyana, reflecting the operational and economic impact this asset has on the country’s energy growth and regional oil expansion.
Exxon Guyana production and profits set records in 2025
ExxonMobil reported that its stake in the Stabroek consortium—where it operates with a 45% interest alongside Hess (30%) and CNOOC (25%)—generated net income of US$4,670 million in 2025. Average Exxon Guyana production exceeded 900,000 bpd, the threshold identified as a turning point for generating free cash flow.
The result stands out given the price environment: Brent averaged US$68.19/bbl in 2025, versus US$82.50/bbl in 2024. The efficiency of the Stabroek Block—with an estimated breakeven of US$35/bbl—explains the robust margins even under price pressure.
The Hess–CNOOC consortium also posts historic profits
Hess Corporation reported US$2,890 million in earnings attributable to its Guyanese assets in 2025, a figure that exceeds the company’s total profit in 2022. The Stabroek Block operates four FPSOs—Liza Destiny, Liza Unity, Prosperity, and Hammerhead—with combined capacity exceeding 900,000 bpd.
“Guyana has redefined profitability in deep water. We generated top-tier returns at prices that would have been unsustainable for any other deepwater project of comparable scale,” said ExxonMobil Upstream Vice President Liam Mallon in a presentation to industry analysts.
CNOOC, the Chinese participant in the consortium, has not published disaggregated figures, but Wood Mackenzie estimates project a contribution of between US$1,200 and US$1,400 million to its consolidated 2025 results.
New developments will drive the Stabroek Block in 2026
Exxon Guyana production has room to grow: the fifth FPSO, named Hammerhead, began operations in the fourth quarter of 2025 and will reach its nameplate capacity of 180,000 bpd in the first half of 2026. The consortium is evaluating two additional FPSOs for the Whiptail and Longtail discoveries.
Total certified recoverable resources in Stabroek exceed 11 billion barrels of oil equivalent, according to ExxonMobil data from January 2026, ensuring visibility for Exxon Guyana production for at least two decades.
“Stabroek’s resource base is unique in the world. There is no other asset that combines this volume with these extraction costs in the Western Hemisphere,” noted an S&P Global Commodity Insights analyst in a note published on June 8, 2026.
Guyana’s production strengthens the oil market
Guyana has become Latin America’s fifth-largest crude producer, surpassing Ecuador and closing in on Colombia’s output. Rising Exxon Guyana production adds pressure on regional producers with higher costs, especially Venezuela and Mexico.
To put the global impact in context, ADNOC’s operations on the energy route to Asia show how low-cost producers with efficient infrastructure capture market share at the expense of suppliers with higher breakevens—a model Guyana is replicating in the Atlantic.
U.S. LNG flows at 2026 lows also illustrate how abundant North American production is reshaping global balances, of which Exxon Guyana production is an increasingly significant part. Guyanese crude is exported mainly to U.S. and European refineries under long-term contracts.
undefinedExxon Guyana production in the Stabroek Block with FPSOs operating in offshore waters of Guyana
The Guyanese model—low cost, high efficiency, long-term contracts—is being studied as a benchmark by Gulf sovereigns seeking to replicate profitability in mature assets. Chevron and TotalEnergies have expressed interest in exploring an adjacent block, which could extend Guyanese production beyond 1.2 million bpd by 2030, according to Rystad Energy projections.
Sources
