Royalty discrepancy in EMGL Annual Report
Reference is made to the ExxonMobil Guyana Limited Annual Report 2023 (https://corporate.exxonmobil.com/locations/guyana/annual-report). In that report (Page 36), it is recorded that royalty paid is G$21,922,725,604.00, representing 2 percent of total revenue of G$1,108,897, 727, 566.00 (Table1). However, the royalty paid is not 2 percent of total revenue; instead, it is only 1.977%. The correct royalty…