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Oil Prices: Company spend cuts needed in 2015


Oil Prices: Company spend cuts needed in 2015

Report summary

We have analysed the potential for spending cuts in a US$60/bbl world in 2015. We estimate a 37% drop in spend across the sector will be needed relative to 2014 to maintain current debt levels. This is in addition to the US$9 billion cuts announced by companies in the last few weeks. Most other IOCs have flexibility to rein in spend to keep finances on an even keel. Shareholder dividends and distributions are likely to be a significant part of the spend cuts for some companies. 

What's included?

This report includes 1 file(s)

  • Wood Mackenzie Oil Price Company spend cuts needed in 2015.pdf PDF - 1.56 MB

Description

This Macroeconomics and Global Trends Insight report presents our research on this key topic, and draws out the implications for economies and commodity markets.

This report delivers a clear understanding of our unique global economic outlook and identify risks and uncertainties to watch out for.

Wood Mackenzie's global trends and macroeconomic analysis underpins all our commodity demand analysis, ensuring we continually deliver an integrated and consistent view.

Our comprehensive understanding of commodity markets gives us a unique insight into the pace of global development and the risks associated with it.

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