Insight
2024 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 129 companies have disclosed their 2024 capital budgets. Our tally has upstream investment at US$351 billion or 0.5% less than in 2023. When it comes to output, targets are up. Combined, the 117 companies that have announced 2024 production guidance expect to produce 1.1 million boe/d (2.0%) more than they did in 2023.
Table of contents
- 2024 vs 2023: upstream capital budgets
- 2024 vs 2023: production guidance
Tables and charts
This report includes the following images and tables:
- 2024 vs 2023: upstream capital budget evolution by peer group
- 2024 vs 2023: % change in upstream capital budgets by peer group
- 2024 vs 2023: change in production guidance by peer group
What's included
This report contains:
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