Insight

2019 guidance: upstream companies' capital budgets and production targets

15 February 2019

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15 February 2019

2019 guidance: upstream companies' capital budgets and production targets

Report summary

Our guidance tracker is back by popular demand. The 81 companies that have announced 2019 budgets thus far will spend US$1.4 billion (0.7%) more on upstream exploration and development than in 2018. US focused companies' budgets are down 13% 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.

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:

2019 guidance: upstream companies' capital budgets and production targets

ZIP 1.24 MB
2019 guidance: upstream companies' capital budgets and production targets

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2019 Guidance_18 February 2019.xlsm

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