Insight
2020 guidance: upstream companies' capital budgets and production targets
Report summary
Our guidance tracker is back by popular demand. The 79 companies that have announced budgets to date plan to spend an estimated US$188 billion on upstream exploration and development, slightly up (+4%) on 2019. And production is also creeping higher. Combined, the 63 companies that have announced 2020 production guidance expect to produce 860 kboe/d (3%) more than they did in 2019. We will continue to track and publish reported guidance information throughout the reporting season.
Table of contents
- Capital budgets
-
Production guidance
- Exchange rate assumptions
Tables and charts
This report includes 5 images and tables including:
- Corporate Service: 2019-2020 change in upstream capital budgets (%)
- Upstream Service: 2019-2020 change in upstream capital budgets (%)
- Corporate Service: 2019-2020 change in production (%)
- Upstream Service: 2019-2020 change in production (%)
- Exchange rate assumptions (local currency unit per US$)
What's included
This report contains:
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