> ## Content Index > Fetch the complete content index at: https://www.lacaribenanews.com/llms.txt > Use this file to discover other available public pages before exploring further. # ExxonMobil Reported Paying Guyana US$2.58 Billion. Chevron Files Under the Same Rule and Names Twenty Countries, Not Guyana. - URL: https://www.lacaribenanews.com/exxonmobil-form-sd-guyana-2-58-billion-chevron-reports-none-2026/ - Published: 2026-10-28T16:22:54.000Z - Updated: 2026-11-01T05:19:47.000Z - Description: ExxonMobil's Form SD for 2024 records US$2,581,822 thousand paid to six Guyanese government bodies. Chevron's Form SD for 2025, furnished under the same rule, carries twenty countries and Guyana is not one. ExxonMobil had not filed for 2025 as at 28 October 2026. - Author: Theon Alleyne - Tags: Guyana, ExxonMobil, Chevron, Hess, Guyana oil, Disclosure, Business, Analysis **Quick summary:** ExxonMobil's Form SD for 2024 records US$2,581,822 thousand paid to six Guyanese government bodies. Chevron's Form SD for 2025, furnished under the same rule, carries twenty countries and Guyana is not one. ExxonMobil had not filed for 2025 as at 28 October 2026. By LCN Business Desk The fullest public account of what Guyana's oil block pays the Guyanese state, agency by agency, is a filing made in Washington by one of the block's three owners. ## What is the filing? A disclosure United States law requires of oil companies, listing payments to governments by government and by project. Section 13(q) of the Securities Exchange Act and Rule 13q-1 require a resource extraction issuer to disclose what it pays governments for the commercial development of oil, natural gas or minerals. The disclosure is furnished on **Form SD**, filed each September for the prior year, and it breaks the payments down by the government body receiving them, by the project they arise from, and by category. The most recent of these filings is Chevron's, furnished on 23 September 2026 for 2025\. ExxonMobil's report for 2025 had not been filed as at 28 October 2026, so its 2024 report is the latest account it has given of what it pays Guyana. Three companies hold the Stabroek block. **ExxonMobil** operates it on 45 per cent, **Chevron** holds 30 and **CNOOC** holds 25\. Only two of the three are United States registrants and therefore file at all. ## What did ExxonMobil report paying Guyana? US$2.58 billion across six government bodies, nearly half of it tax. | Guyana payments, 2024 | Production entitlements | Taxes | Royalties | Fees | Infrastructure | Total | | ----------------------------------- | ----------------------- | ------------- | ----------- | --------- | -------------- | ------------- | | Ministry of Natural Resources | 983,778 | | 348,026 | | | **1,331,804** | | Guyana Revenue Authority | | 1,236,161 | | | | **1,236,161** | | Ministry of Culture, Youth, Sport | | | | | 8,915 | 8,915 | | Guyana Geology and Mines Commission | | | | 3,050 | | 3,050 | | Maritime Administration Department | | | | 1,540 | | 1,540 | | Environmental Protection Agency | | | | 353 | | 353 | | **Total** | **983,778** | **1,236,161** | **348,026** | **4,943** | **8,915** | **2,581,822** | Source: ExxonMobil Corporation, Form SD furnished under Rule 13q-1 for the fiscal year ended 31 December 2024, filed 26 September 2025\. The table's own heading is "Guyana Payments per Government in Thousands U.S. Dollars", so every figure above is thousands of dollars. In dollars the total is **US$2.58 billion**, of which **US$1.24 billion** is tax. Tax is the largest category at **47.9 per cent** of the total, ahead of production entitlements at **38.1 per cent** and royalties at **13.5 per cent**, on this newspaper's arithmetic from the figures in the table. The six rows add to US$2,581,823 thousand against the US$2,581,822 thousand the filing states, a difference of one thousand dollars that is rounding. Two ministries account for almost everything, and the four agencies between them received under one half of one per cent of the money while performing most of the regulating. ## Which project does it come from? Stabroek, to within six thousandths of a per cent. The same filing splits the payments by project: **Stabroek US$2,581,675 thousand**, Canje US$145 thousand and S8 US$2 thousand. Stabroek is **99.994 per cent** of the total on this newspaper's arithmetic, which is what a single producing block looks like beside two exploration licences. The filing attaches a note to the production entitlement line, verbatim: "Production entitlement of 28,073,185 BBLs is valued at the realization price issued in the press by the Ministry of Natural Resources offset by EMNI (ExxonMobil Net Interest) Taxes." That sentence is the one qualification a reader has to carry. It leaves open whether the figures are the whole consortium's payments made by the operator or ExxonMobil's own net interest, and the filing settles it in no sentence that can be quoted either way. ## What is the line that is not a tax? US$8.915 million of infrastructure payments to the Ministry of Culture, Youth, Sport. Every other payment in the table is a tax, a royalty, a production entitlement or a regulatory fee, which is to say money the state is owed. The Ministry of Culture, Youth, Sport appears once, under "Payments for infrastructure improvements", and it is the only entry of its kind for Guyana in the filing. It is also **more than four times** the combined fees received by the Guyana Geology and Mines Commission, the Maritime Administration Department and the Environmental Protection Agency, on this newspaper's arithmetic. ## Do the other two owners appear? One does not file at all. The other files, and Guyana is not in it. **CNOOC Limited** is not a United States registrant and furnishes no Form SD, so its 25 per cent is outside the rule entirely. **Chevron Corporation** does file. Its Form SD for the fiscal year ended 31 December 2025, furnished on 23 September 2026 and signed by chief financial officer Eimear P. Bonner, carries payment data for twenty countries: Angola, Argentina, Australia, Bangladesh, Brazil, Canada, China, Cyprus, Egypt, the United Kingdom, Equatorial Guinea, Indonesia, Israel, Kazakhstan, Malaysia, Nigeria, Saudi Arabia, Suriname, Thailand and the United States. Guyana is not among them, on the rendered tables, in the structured data and in the exhibit text alike. Malaysia is on that list, and Malaysia reached Chevron in the same acquisition as Guyana. ## Is that a failure to disclose? No, and the predecessor's own filings are what show it. **Hess Corporation** held the identical 30 per cent non-operated interest before Chevron bought it. Its last Form SD under this rule, for 2023, carries three countries: Malaysia, Thailand and the United States. Guyana is absent from that one too. So the pattern is settled practice rather than a change of posture. The operator files the payments arising from the block and the non-operating partners do not, which is how the same interest behaved under two different owners. Nothing in these filings supports a suggestion that Chevron has withheld anything it was required to disclose, and [the company that declined to keep funding Guyana's deepwater port studies](https://www.lacaribenanews.com/chevron-dropped-hess-guyana-port-commitment-inherited-giving-earnings-2026/) is on firm ground on this one. The consequence is structural, and it belongs to the rule rather than to any company. The one United States instrument built to show the public what oil companies pay a government carries Guyana through a single filer, while the holders of the other **55 per cent** of the block appear in it not at all. ## Why does Chevron's annual report show a Guyana tax line when its Form SD shows no Guyana? Because the two are prepared on different bases, and the filing says so itself. [Chevron's 2025 annual report records US$406 million of Guyanese income taxes paid, against Guyana net properties of US$50,960 million](https://www.lacaribenanews.com/chevron-guyana-50-96-billion-books-hess-193-million-payback-2026/). Its Form SD for the same year carries no Guyana at all. The Form SD anticipates the question in its own text: "Because the scope and basis for preparation of this Form SD is in accordance with the Resource Extraction Payment Rules, amounts reported in this Form SD may be different from disclosures in Chevron's other publicly available financial reports, including those found within Chevron's periodic reports filed with the U.S. Securities and Exchange Commission." The same document sets out how it treats the arrangement Guyana uses. In its words, amounts reported "include payments made by a government on behalf of Chevron as part of a tax-paid production sharing contract", and "in a tax-paid PSC in which a government settles Chevron's tax obligation from its own share of production entitlements, such amount is netted from the reported production entitlement and reported as a tax payment". The method covers the case. The country does not appear under it. ## How does the figure sit beside Guyana's own accounts? Close enough to be worth comparing, and from a different year. [Guyana's Natural Resource Fund recorded US$3,883,350,120 of petroleum receipts in the nine months to 30 September 2026, with US$1,770,000,000 transferred to the Consolidated Fund in six withdrawals](https://www.lacaribenanews.com/guyana-nrf-3-88-billion-nine-months-1-77-billion-withdrawn-2026/). ExxonMobil's figure is for 2024. The years differ and the measures differ, so neither checks the other. What the comparison does establish is that the operator's filing is of the right order of magnitude to matter, and that a reader who wants the composition of the money, rather than its total, has to go to Washington for it. Guyana publishes the totals to the dollar each month. The breakdown by paying company, by receiving agency and by category is what the Form SD adds, and it is published by the payer rather than the recipient. ## What does the filing give a Guyanese reader? A public, free, agency-level record, with four limits attached. The filing is on the Securities and Exchange Commission's EDGAR system under ExxonMobil's name, furnished each September for the prior year. It names the receiving body, the category and the amount, which is more granularity than any Guyanese publication carries about this block. Its limits should travel with it. It covers one of the three owners. It appears a year in arrears. It leaves the consortium-or-net-interest question open. And its categories are the rule's categories rather than Guyana's, so the lines will not map onto the national accounts without work. It is still a public register of what the block pays the state, which is more than [the country's own local content register offers, since that is a login portal rather than a public record and no list of the more than forty companies that signed 2026 plans has been published](https://www.lacaribenanews.com/guyana-local-content-plans-2026-no-public-register-2026/). ## What is settled, and what is not? The filings and the figures are settled. What the figures represent is not entirely. The three filings are public documents furnished to the Securities and Exchange Commission by their registrants. ExxonMobil's Guyana table, its project split and its footnote are reproduced above from the document. Chevron's twenty countries and Hess's three were each read from the filings in more than one form. Not established: whether ExxonMobil's figures are the whole consortium's payments or its net interest, which the footnote leaves open; what CNOOC pays, which no United States filing reaches; and what ExxonMobil will report for 2025, which had not been filed when this was written. ExxonMobil's latest report covers **2024** and Chevron's covers **2025**, so the two are different years and are not a like-for-like comparison of the same period. Guyana's oil is produced by three companies. The public record of what it pays the Guyanese state, broken down by the agency that receives it, is filed by one of them, in another country, in dollars, nine months after the year ends. What the third company discloses in the meantime is thin: [Chevron's last Form 10-Q, for the quarter ended 30 June, names Guyana twice in 171,000 characters and never names the Stabroek block](https://www.lacaribenanews.com/chevron-stabroek-30-per-cent-10q-names-guyana-twice-2026/). ### The entities - **Form SD** is the specialized disclosure report on which a United States registrant furnishes its payments to governments, under **Section 13(q)** of the Securities Exchange Act and **Rule 13q-1**. - **ExxonMobil Corporation** operates the Stabroek block on 45 per cent and is the filer of the Guyana payment table. - **Chevron Corporation** holds 30 per cent, non-operated, and acquired **Hess Corporation** on 18 July 2025. - **CNOOC Limited** holds 25 per cent and is not a United States registrant. - **Eimear P. Bonner** is Chevron's chief financial officer, who signed its Form SD for 2025. - **Guyana Revenue Authority**, **Ministry of Natural Resources**, **Ministry of Culture, Youth, Sport**, **Guyana Geology and Mines Commission**, **Maritime Administration Department** and **Environmental Protection Agency** are the six bodies named in ExxonMobil's Guyana table. - **Natural Resource Fund** is the Guyanese sovereign fund that receives the state's petroleum revenue. - **EDGAR** is the Securities and Exchange Commission's public filing system. ### What the title card shows Every data point on the article's title card, in text. - **US$2,581,822 thousand.** Total payments ExxonMobil reported to Guyanese government bodies for 2024\. Source: its Form SD for that year. - **US$1,236,161 thousand.** The tax component, received by the Guyana Revenue Authority. Source: as above. - **47.9 per cent.** Tax as a share of the total, on this newspaper's arithmetic. - **Six.** Guyanese government bodies named in the table. Source: as above. - **Twenty.** Countries in Chevron's Form SD for 2025, not including Guyana. Source: Chevron's Form SD for that year. - **Three.** Countries in Hess's last Form SD, for 2023, not including Guyana. Source: that filing. - **55 per cent.** The share of the Stabroek block held by owners that do not report Guyana payments under the rule. ## Frequently Asked Questions ### How much did ExxonMobil report paying the Guyanese government? US$2,581,822 thousand for 2024, across six government bodies, in its Form SD furnished under Rule 13q-1 and filed on 26 September 2025\. Tax of US$1,236,161 thousand went to the Guyana Revenue Authority, and production entitlements of US$983,778 thousand and royalties of US$348,026 thousand went to the Ministry of Natural Resources. ### Why does Chevron's Form SD not include Guyana? Chevron holds a 30 per cent non-operated interest and the operator files the payments arising from the block. Hess Corporation, which held the identical interest before the sale, also reported no Guyana in its last Form SD, for 2023\. The pattern is settled practice rather than a change, and nothing in the filings supports a suggestion of withheld disclosure. ### Does CNOOC file one? No. CNOOC Limited is not a United States registrant, so its 25 per cent of the Stabroek block is outside Rule 13q-1 entirely. ### Why does Chevron's annual report show Guyanese taxes when its Form SD does not? The two are prepared on different bases. Chevron's Form SD says that because its scope follows the Resource Extraction Payment Rules, amounts in it "may be different from disclosures in Chevron's other publicly available financial reports". Its 2025 annual report records US$406 million of Guyanese income taxes paid. ### Which Guyanese agencies received the money? The Ministry of Natural Resources received US$1,331,804 thousand in production entitlements and royalties, and the Guyana Revenue Authority US$1,236,161 thousand in tax. The Ministry of Culture, Youth, Sport received US$8,915 thousand for infrastructure improvements, and fees went to the Guyana Geology and Mines Commission, the Maritime Administration Department and the Environmental Protection Agency. ### Where can the filing be read? On the Securities and Exchange Commission's EDGAR system, under ExxonMobil Corporation, as a Form SD furnished each September for the prior fiscal year. ExxonMobil's report for 2025 had not been filed when this was written.