Insight
Can the world's largest IOCs grow oil and gas production?
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Report summary
Global oil and gas demand grows by 7% and Brent averages US$82/bbl between 2024 and 2035 in our base-case. Some of the world’s largest IOCs will need to lean back into upstream to avoid leaving money on the table under these supportive dynamics. We take a look at our base-case oil and gas production outlook for the world's largest IOCs. We analyse the options to boost oil and gas production and the returns advantage gained by companies with deeper inventories of upstream opportunities.
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- Executive Summary
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