Insight
2022 guidance: upstream companies' capital budgets and production targets
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*Please note that this report only includes an Excel data file if this is indicated in "What's included" below
Report summary
A total of 136 companies have revised their 2022 capital budgets. Our tally has upstream investment at US$315billion or 18% more than in 2021. When it comes to output, targets are also up. Combined, the 119 companies that have announced 2022 production guidance expect to produce 2.2 million boe/d (4.5%) more than they did in 2021. We are also expanding coverage of capital budgets beyond upstream. Companies that disclose multi-year, multi-segment investment outlooks have been added to the insight.
Table of contents
- 2022 vs 2021: upstream capital budgets
-
2022 vs 2021: production guidance
- Exchange rate assumptions
Tables and charts
This report includes the following images and tables:
- 2022 vs 2021: upstream capital budget evolution by peer group
- 2022 vs 2021: change in upstream capital budgets by peer group
- 2022 vs 2021: change in production guidance by peer group
- Exchange rate assumptions (local currency unit per US$)
What's included
This report contains:
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