Insight
2019 guidance: upstream companies' capital budgets and production targets
Report summary
Our guidance tracker is back by popular demand. The 120 companies that have announced 2019 budgets thus far will spend US$6.3 billion (2.2%) more on upstream exploration and development than in 2018. US focused companies' budgets are down 12% year-on-year. We will continue to track and publish reported guidance information throughout the reporting season. For our views, forecasts, and analysis, please refer to our financial health, investment and production growth analysis in the Corporate Benchmarking Tool and related Insight reports from our Corporate and Upstream research teams, such as Corporate themes: 5 things to look for in 2019 and Global Upstream: 5 things to look for in 2019.
Table of contents
- Capital budgets
- Production guidance
Tables and charts
This report includes 4 images and tables including:
- Corporate Service: 2018-2019 change in upstream capital budgets (%)
- Upstream Service: 2018-2019 change in upstream capital budgets (%)
- Corporate Service: 2018-2019 change in production (%)
- Upstream Service: 2018-2019 change in production (%)
What's included
This report contains:
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