Our guiding principle is simple: we take care of our people, we take care of the environment and we take care of the business. To meet these goals, we work closely with the government and local agencies – many of which were unfamiliar with international oil and gas standards – to improve safety, quality and environmental practices across the board. We train the national workforce to meet the same rigorous health, safety and environment protocols we apply all over the world, from North America to Europe. Our investment in people and processes drives both efficiency and excellence.

We see our contract with the government as a partnership to develop the nation’s resources holistically. Beyond royalties and tax revenues, value is delivered through high-quality jobs and procurement opportunities for Guyanese businesses. We launched the Centre for Local Business Development in 2017 – well before first oil – to build supplier capacity. To date, we have spent more than $2.5 billion with more than 2,000 local companies, ranging from housing rentals for expatriate staff to technical support services. We also invest in training facilities and infrastructure that benefit the broader economy and ensure industry gains ripple across various sectors.

Our cumulative investments – around $55 billion towards the Stabroek Block to date – are transforming Guyana’s economy. We engage not only with the government but also with opposition and regional leaders to explain our operations and foster transparency. Beyond revenues, we commit to science, technology, engineering and mathematics education, youth development and female empowerment through collaborations with the University of Guyana and organizations like the Cherie Blair Foundation for Women. Additionally, ExxonMobil Guyana, Hess Corporation and China National Offshore Oil Corporation jointly pledged $100 million for economic diversification programmes – 70-80% of which is already committed.

We believe that the true measure of our success lies not only in the barrels produced but also in the positive impact we create for the communities in which we operate. In addition to the Greater Guyana Initiative investments with our Stabroek co-venturers, ExxonMobil Guyana and the ExxonMobil Foundation have invested more than $43 million in community projects across Guyana to date in areas from STEM education and youth sports to environmental sustainability and women’s economic empowerment.

We have also seen a huge ripple effect from our operations on Guyana’s safety and service culture; companies across the nation are providing safer, higher-quality and more efficient services to customers, including many outside the oil and gas industry. Our operations are also creating well-paid jobs for thousands of Guyanese, spurring local business growth and additional direct foreign investment. Our presence in the country has benefited families and communities and spurred economic diversification.

Guyana’s pristine rainforests and rich biodiversity make environmental protection paramount. We conduct full environmental impact assessments that meet international standards for every project and continuously update studies as we design operations. We incorporate the latest technologies to mitigate air and water emissions, minimize project footprints and ensure compliance with both national regulations and ExxonMobil’s global safety, health and environment standards.

Risk management is at the heart of our business – geologically, geopolitically and operationally. We continually identify and assess risks, build resilience in our operations and maintain open channels of communication among all stakeholders. We rigorously adhere to our contractual and regulatory obligations and ensure our projects run smoothly.

We project capacity reaching 1.3 million barrels per day by the end of 2027 when our sixth sanctioned project – Whiptail – comes on line. Three projects are already producing more than 650,000 barrels per day. Yellowtail started up this year and will bring production capacity to more than 900,000 barrels per day. The Uaru play is expected to start up in 2026 and Whiptail in 2027. This added level of production will make Guyana a vital new crude supplier and a major player in diversifying global oil markets amid geopolitical uncertainties.

Rapid growth has strained existing roads and bridges, and further investment is required to develop essential transport infrastructure and support the country’s economic expansion. Looking ahead, if we develop more onshore gas resources, the country will need complementary downstream infrastructure such as pipelines and processing facilities. There also exists potential for new investment incentives or legislation to attract industries that can utilize gas and stimulate further economic diversification.

Guyana represents an unparalleled growth story; we are the only operator with a commercial discovery in this basin, and our success here directly ties to ExxonMobil’s global brand and investor returns. I am deeply invested in Guyana’s transformation. Seeing the country thrive is incredibly rewarding, and I am committed to ensuring that our success benefits all Guyanese for generations to come.