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.