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Reply to "ExxonMobil’s claims US$2.1B in administrative costs in 2016 alone"

Django posted:

…fails to provide any breakdown- Ram notes
By Abena Rockcliffe-Campbell

"Esso Exploration and Production Guyana Limited (EEPGL), a subsidiary of ExxonMobil, has recorded administrative costs of just over US$2.1B for 2016 alone. This was reflected in EEPGL’s 2016 financial statement.Chartered Accountant and Attorney-at-law, Christopher Ram, is in possession of the company’s financial statements.He noted that while EEPGL registered that it spent over US$2.1B for administration purposes, there has been no breakdown of how this money was spent except for the company saying that $168M was spent on legal and professional fees.
Ram pointed this out in recent writings. He noted that the total debt of Esso in 2016 was $76.8B of which approximately US$60B was incurred in 2016.'


 

Lots of confusion here with the numbers,some value quoted in $US,some no country $ value.

What is there to believe ?

I agree. Looks like Ram forgot to put US on the total debt or maybe the 2016 number is in local currency. I think Ram is trying to point out that 79% of the total debt was incurred in 2016.

FM
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