By the end of September, the country had $1.88 billion from oil revenue and royalties in its natural resource fund. “We feel our name and our brand is now tied to whether this turns out to be a success for the people of the country," said Exxon’s country manager, Alistair Routledge. When Shell, then Exxon’s partner in Guyana, pulled out of the country after dozens of failed exploratory wells, Hess pounced. Guyana’s oil boom has kicked off a real-estate bonanza. Write to Kejal Vyas at kejal.vyas@wsj.com and Collin Eaton at collin.eaton@wsj.comView Full Image Jobs, Rib-Eyes and Worries: How Exxon’s Giant Oil Discovery Is Transforming GuyanaView Full Image Jobs, Rib-Eyes and Worries: How Exxon’s Giant Oil Discovery Is Transforming GuyanaView Full Image Jobs, Rib-Eyes and Worries: How Exxon’s Giant Oil Discovery Is Transforming GuyanaView Full Image Jobs, Rib-Eyes and Worries: How Exxon’s Giant Oil Discovery Is Transforming Guyana

Source: Wall Street Journal November 01, 2023 14:28 UTC