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2018 guidance: upstream companies' capital budgets and production targets

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Report summary

Our guidance tracker is back by popular demand. The 85 companies that have announced 2018 budgets thus far will spend US$15.2 billion (8.2%) less on upstream exploration and development than in 2017. US focused companies' budgets are up 12% year-on-year. Investment is broadly flat among the Majors.

What's included

This report contains

  • Document

    2018 guidance: upstream companies' capital budgets and production targets

    PDF 370.67 KB

  • Document

    2018 guidance: upstream companies' capital budgets and production targets

    ZIP 629.41 KB

  • Document

    2018 guidance 12 February 2018.xls

    XLS 1.64 MB

Table of contents

    • Corporate Service coverage: year-on-year (2017-2018) change in upstream capital budgets (%)
  • Production guidance

Tables and charts

This report includes 7 images and tables including:

Images

  • All companies: change in upstream capital budgets by peer group
  • All companies: change in production by peer group
  • Corporate Service coverage: year-on-year (2017-2018) change in production (%)
  • Upstream Service coverage: year-on-year (2017-2018) change in production (%)
  • 2018 guidance: upstream companies' capital budgets and production targets: Image 2
  • Upstream Service coverage: year-on-year (2017-2018) change in upstream capital budgets (%)
  • Capital budget cuts by date of announcements (2017-2018)

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