Name: 2025 guidance: upstream companies' capital budgets and production targets
Brand: Wood Mackenzie
SKU: 192047
Price: 1350 USD
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Author: Wood Mackenzie

Insight 07 April 2025

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A total of 121 companies have disclosed their 2025 capital budgets. Our tally has upstream investment at US$336 billion or 2.5% less than in 2024. When it comes to output, targets are up. Combined, the 118 companies that have announced 2025 production guidance expect to produce 2.7 million boe/d (4.5%) more than they did in 2024.</div>
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        CSAS Guidance Tracker (GT) tool is live
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            2025 vs 2024: upstream capital budgets
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        Prior to January 11
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        2025 vs 2024: production guidance
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        <li class="list__item push-quarter--bottom">2025 vs 2024: change in production guidance by peer group</li><li class="list__item push-quarter--bottom">2025 vs 2024: upstream capital budget evolution by peer group</li><li class="list__item push-quarter--bottom">2025 vs 2024: % change in upstream capital budgets by peer group</li>
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<p class="font-regular" >2025 guidance: upstream companies' capital budgets and production targets</p>
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