Companies are slashing capital spend in 2015 in response to the dramatic collapse in oil prices. Relative to 2014 budgets, a total of US$129 billion (25%) has been cut from the 2015 upstream budgets of the 121 companies that have reported capital guidance to date. See the Downloads section in the top-right for our full dataset.
Table of contents
Tables and charts
This report includes 3 images and tables including:
Wood Mackenzie Corporate Service coverage: year-on-year (2014-2015) change in upstream capital budgets (%)
Wood Mackenzie Upstream Service coverage: year-on-year (2014-2015) change in upstream capital budgets (%)