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2020 guidance: upstream companies' capital budgets and production targets

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18 May 2020

2020 guidance: upstream companies' capital budgets and production targets

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

Tables and charts

This report includes 6 images and tables including:

  • 2019-2020 change in upstream capital budgets by peer group
  • 2019-2020 change in production by peer group
  • Upstream capital budget revisions by peer group
  • Production guidance revisions by peer group
  • Shareholder distribution revisions by peer group
  • Exchange rate assumptions (local currency unit per US$)

What's included

This report contains:

  • Document

    2020 guidance: upstream companies' capital budgets and production targets

    PDF 1.31 MB

  • Document

    2020 Guidance 18 May 2020.xlsm

    XLSM 11.94 MB