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Guyana's lucrative agreement with an Exxon Mobil-led consortium in the South American country last year generated $6.33 billion for the partners, government data showed, yielding a net margin larger than that of chip-maker Nvidia Corp. The trio's combined net margin was 56%, greater than the 49% Nvidia earned in its most recent fiscal year. The Stabroek offshore oil venture's 2023 revenue soared 23% over the prior year, to $11.25 billion, as the addition of a third production vessel expanded output.
John Hess, CEO of Hess Corp , has joined the board of Goldman Sachs as independent director, the Wall Street firm said on Monday. He is the latest addition to the board after senior banking executive Tom Montag joined as an independent director last year. He will also become a member of the Goldman board's compensation, governance and risk committees, the statement said.