Insight
2020 guidance: upstream companies' capital budgets and production targets
*Please note that this report only includes an Excel data file if this is indicated in "What's included" below
Report summary
Over 100 companies have revised their 2020 strategies following the historic oil price rout. We are tracking every single move. The tenth week since the collapse saw 5 companies revise their budgets by about US$5 billion (-23%). Production guidance took a small hit. Combined, the three companies that revised their projections cut output by 90 kboe/d (-10%). Many E&Ps are still evaluating the impact lower activity will have on their full-year 2020 production targets.
Table of contents
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Revisions following oil price collapse
- Revisions: capital budgets
- Revisions: production guidance
- Revisions: dividends and share buybacks
- 2020 vs 2019: capital budgets
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2020 vs 2019: production guidance
- Exchange rate assumptions
Tables and charts
This report includes the following images and tables:
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2019-2020 change in upstream capital budgets by peer group2019-2020 change in production by peer groupUpstream capital budget revisions by peer group
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Production guidance revisions by peer groupShareholder distribution revisions by peer groupExchange rate assumptions (local currency unit per US$)
What's included
This report contains:
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