ExxonMobil injected $146B into local businesses in 2025

ExxonMobil Guyana injected some $146 billion into the local economy in 2025 through spending on local suppliers, underscoring the industry’s growing impact on businesses and employment.
Speaking during a press conference today, President and General Manager of ExxonMobil Guyana Limited, Alistair Routledge, said that some 2,000 Guyanese suppliers were engaged in supporting offshore operations and related services last year.
He noted that since 2015, cumulative spending with local businesses has reached an estimated $753 billion, creating substantial opportunities for companies to expand and reinvest.
The sector currently employs about 9,000 people, with 70 per cent being Guyanese—a figure that continues to rise due to ongoing investments in training and workforce development.
“That percentage of the workforce is increasing. It reflects the level of investment that companies like ExxonMobil, and our prime contractors, are making. We’re also continuing to grow the local supply chain,” he said.
According to Routledge, these efforts are enabling Guyanese workers to access more advanced roles within the industry while earning higher wages.
He added that the expansion of the local supply chain remains a key pillar of the sector’s impact, as businesses continue to grow, diversify, and position themselves to support not only oil and gas operations but broader economic development.
Routledge stressed that strong local content policies remain critical to ensuring that the country’s natural resources deliver lasting benefits to the Guyanese people.