Post #1433

The recent urgency of resolving the Essequibo quandary has everything to do with actions taken by ExxonMobil Corporation. In 2015 ExxonMobil discovered copious off-shore oil reserves under Essequibo’s territorial waters. Guyana’s government expanded the bidding process for oil explorations. A previously humdrum territorial dispute had turned into a momentous contest with potentially far-reaching consequences. ExxonMobil epitomizes power and wealth. Profits in 2022 were $56 billion. ExxonMobil’s revenues of $413.7 billion for 2022 were greater than the GDPs that year of all but 34 countries in the world; it ranked seventh for income-generating capacity among the world’s corporations. ExxonMobil sees Guyana as its potentially most productive oil-producing region, a place accounting for more than 25% of ExxonMobil’s total hydrocarbon production. https://venezuelanalysis.com/opinion/oil-wealth-us-intervention-aggravate-venezuela-guyana-border-conflict/