2018 guidance: upstream companies' capital budgets and production targets Report

Insight 16 March 2018

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*Please note that this report only includes an Excel data file if this is indicated in "What's included" below

Report summary

Our guidance tracker is back by popular demand. The 106 companies that have announced 2018 budgets thus far will spend US$23.9 billion (10.8%) more on upstream exploration and development than in 2017. US focused companies' budgets are up 18% year-on-year. Investment is broadly flat among the Majors.

Capital budgets
- 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:

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)