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

Insight 16 March 2018

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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 the following images and tables:

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)