Guyana Banked $2bn of Oil Money in Six Months. The Field Made $12bn
Energy
Key Facts
—The receipt. Guyana banked $1.996bn of oil money between January and June 2026, according to two notifications published in the Official Gazette.
—The split. Profit oil delivered $1.779bn, roughly 90% of the total, while royalties contributed $218.4m.
—The acceleration. First-quarter receipts were $761.7m; the second quarter brought about $1.24bn, a jump of roughly 63%.
—The gap. Kaieteur News estimates the Stabroek block itself generated about $12.3bn in the same six months, which would put the state’s share near 16%.
—The pace. Six months of receipts already equal about 71% of the $2.79bn the government projected for the whole of 2026.
—The law. A finance minister who fails to gazette a petroleum receipt within three months faces up to ten years in prison under the Natural Resource Fund Act.
Guyana oil revenue reached almost two billion dollars in the first six months of this year, a figure disclosed not in a press release but in the country’s Official Gazette. The number is a record, and it is also a reminder of how much of the oil still belongs to somebody else.
Two notifications published in the Official Gazette under Guyana’s Natural Resource Fund Act show that one billion, nine hundred and ninety-six million dollars flowed into the country’s sovereign wealth fund between January and June. The first covered the opening quarter and recorded seven hundred and sixty-one point seven million dollars.
The second, published this month and first reported by OilNOW, added roughly one point two four billion dollars for the April-to-June period. Put together, the two filings describe a state income that has grown faster in six months than most economies manage in a decade.
For a country of under a million people, the pace is startling. In half a year Guyana has collected about eighty percent of everything it earned from oil across the whole of last year.
What the Guyana oil revenue figure does not say
Here is the part that rarely makes the headline: the two billion dollars is what the state received, not what the oil was worth. The Stabroek block, operated by ExxonMobil, sold a great deal more crude than that.
The Guyanese newspaper Kaieteur News estimates that at roughly nine hundred thousand barrels a day and prices near eighty dollars, the block generated about twelve point three billion dollars in the first half. Set the gazetted receipt against that estimate and Guyana’s take works out near sixteen percent of the crude sold.
That comparison is ours, not an official statistic, pairing an audited receipt with a newspaper’s model of gross output. The direction, though, is not in doubt, and the reason is written into the contract.
Under the production sharing agreement signed in 2016, Guyana takes a two percent royalty on everything pumped, plus half of what is called profit oil.
Profit oil is what remains after the companies have deducted their costs, and they may deduct up to three-quarters of the oil produced in any period until those costs are repaid. The consortium spent tens of billions building the fields, so for years the deduction has been running near its ceiling.
The cost meter is nearly empty
This is why the coming months matter more than the headline number. An ExxonMobil executive said the recoverable cost balance stood above fifty-five billion dollars at the end of 2025, of which around fifty-one billion had been recouped.
Roughly four and a half billion dollars remained. Against a field throwing off cash at the rate the gazette implies, that balance is small, and the executive suggested it could be cleared within the year.
When it clears, the split changes and Guyana begins taking its full half of profit oil. That is the moment the country has awaited since the first barrel was lifted in December 2019.
There is a catch that Guyanese critics return to constantly: the contract has no ring-fencing clause, so a brand-new project’s costs can be charged against an old project’s revenue. The Uaru development starts producing before year-end, and each new build can refill the cost meter as the old one empties.
Why a gazette notice matters
Foreign readers can be forgiven for skipping past the words Official Gazette. In Guyana the phrase carries unusual weight, because the disclosure is not a courtesy but a legal duty.
The Natural Resource Fund Act obliges the finance minister to publish every petroleum receipt in the gazette within three months of the money arriving. A minister who fails to do so can be imprisoned for up to ten years.
The provision followed a bitter fight over an earlier version of the law, and the International Monetary Fund has cited the practice when praising Guyana’s fiscal transparency. The money itself sits at the Federal Reserve Bank of New York, and nothing leaves it without a vote in the National Assembly.
Where Guyana oil revenue goes next
Production averaged more than nine hundred thousand barrels a day across the first half, from four floating vessels: Liza Destiny, Liza Unity, Prosperity and ONE GUYANA. A fifth should lift output past a million barrels a day.
Parliament approved a withdrawal of two point three seven billion dollars this year to help pay for a record national budget. That transfer covers roughly a third of all government spending.
For an investor in London or Munich, the forward signal sits in the gap between the two numbers in this article. If the cost meter clears and no new project refills it, the gazetted receipt should climb sharply toward the gross the field actually earns.
If it does not, pressure to renegotiate a contract many Guyanese already consider too generous will grow louder. Either way, the numbers will appear first in a legal notice, not a speech.
How much did Guyana oil revenue reach in the first half of 2026?
Guyana received just under two billion dollars, or one billion nine hundred and ninety-six million dollars, in petroleum revenues between January and June 2026. The figure comes from two notifications published in the Official Gazette, covering profit oil and royalty payments from the Stabroek block.
Why does Guyana receive only a fraction of the oil sold?
Under the 2016 production sharing agreement the operators may deduct up to three-quarters of the oil produced to recover the tens of billions they spent building the fields. Guyana takes a two percent royalty plus half of whatever profit oil remains, so its share stays modest until those costs are fully repaid.
What is the Natural Resource Fund?
It is Guyana’s sovereign wealth fund, created by law and held in an account at the Federal Reserve Bank of New York under the Bank of Guyana. Every dollar of oil money is paid into it first, and money may only be withdrawn with the approval of the National Assembly.
Frequently Asked Questions
How much oil money did Guyana actually receive in the first half of 2026?
Guyana received just under $2 billion — specifically $1.996 billion — between January and June 2026. About 90% of that came from profit oil, with the remaining $218.4 million coming from royalties.
Why does Guyana only get about 16% of what its oil fields actually earn?
The production sharing agreement lets the oil companies deduct up to three-quarters of oil produced to recover their costs until those costs are fully repaid, which dramatically reduces Guyana's share of profit oil. The Stabroek block is estimated to have generated around $12.3 billion in the same six months, but Guyana's take worked out to roughly 16% of that.
What happens when the oil companies finish recovering their costs?
Once the remaining roughly $4.5 billion in unrecovered costs is cleared, Guyana will start receiving its full half of profit oil, significantly increasing the country's share of revenue. However, a new project called Uaru is set to start producing before year-end, and its costs could refill the cost meter under the current contract.
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