Billions earned from profit oil, royalties in first half of 2025 

Guyana received US$1.05 billion as revenue from its share of profit oil in the first six months of 2025 and another US$1.7 billion in royalties during that period, according to the Ministry of Finance’s mid-year report.

The revenue earned included payments for two lifts of oil that occurred in the final quarter of 2024 and 13 of the 15 lifts in the first half of the year.

According to Guyana’s 2016 oil contract, up to 75% of the costs (or money invested) can be recovered as the oil produced is sold. The remaining 25% of revenues is split between the companies (ExxonMobil, Hess, and CNOOC) and the government; the government gets half of the revenues, and the three companies share the other half among themselves.

The government also gets an additional two per cent in royalties from total revenues.

The US$1.7 billion in royalties received in the first half of the year was for crude oil production and sales in the final quarter of 2024 and the first quarter of 2025.

After withdrawals of US$1.2 billion, the cumulative balance in Guyana’s Natural Resources Fund, inclusive of an interest income of US$68.9 million, at the end of June, was US$3.19 billion.

While presenting the Notifications of Receipts to the National Assembly of all petroleum revenues paid into the NRF during the period April 1, 2025 to June 30, 2025, and July 1, 2025, to September 30, 2025, Finance Minister Dr. Ashni Singh said the NRF balance at the end of September 2025 amounted to US$3.6 billion.