Benchmarking the Majors in US upstream

As global upstream portfolios mature, the US accounts for a growing share of value, capital and strategic attention for many of the Majors. But exposure alone no longer suffices. Scale, inventory depth, capital allocation and operational strategy are driving divergent outcomes across US shale and Gulf of America deepwater. Our latest research benchmarks US upstream positions of the global Majors—identifying where growth is sustainable, where plateaus dominate, and what strategic decisions will shape the next decade.