ExxonMobil and Chevron Reported a Combined $7.6 Billion Profit in Guyana Last Year. What Energy Investors Need to Know.

ExxonMobil and Chevron generated $7.6 billion in combined profits from the Stabroek oilfield in Guyana last year. The low-cost, high-margin discovery with breakeven costs as low as $25 per barrel is positioned to nearly double production to 1.7 million barrels per day by 2030, providing both companies with significant growth opportunities and supporting their dividend growth strategies amid Middle East geopolitical tensions.