Insight
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$5 billion (-23%). Production guidance took a small hit. Combined, the three companies that revised their projections cut output by 90 kboe/d (-10%). Many E&Ps are still evaluating the impact lower activity will have on their full-year 2020 production targets.
Table of contents
-
Revisions following oil price collapse
- Revisions: capital budgets
- Revisions: production guidance
- Revisions: dividends and share buybacks
- 2020 vs 2019: capital budgets
-
2020 vs 2019: production guidance
- Exchange rate assumptions
Tables and charts
This report includes 6 images and tables including:
- 2019-2020 change in upstream capital budgets by peer group
- 2019-2020 change in production by peer group
- Upstream capital budget revisions by peer group
- Production guidance revisions by peer group
- Shareholder distribution revisions by peer group
- Exchange rate assumptions (local currency unit per US$)
What's included
This report contains:
Other reports you may be interested in
Insight
2024 guidance: upstream companies' capital budgets and production targets
Rolling company guidance tracker with 2024 investment plans and volume targets
$1,350
Insight
2023 guidance: upstream companies' capital budgets and production targets
Rolling company guidance tracker with 2023 investment plans and volume targets. Now includes multi-segment budgets for the largest E&Ps.
$1,350
Insight
Permian primary research spotlights: top 10 takeaways from Midland
We share our Top 10 research takeaways from a few days of optimistic research meetings in Midland.
$1,350
