We assess the challenges facing the Majors, Independents and NOCs in 2016, focusing on five themes that will shape the corporate landscape: 1) finances - a year of survival, 2) the industry's cost cutting challenge, 3) re-positioning of upstream portfolios, 4) organic growth opportunities and 5) a rebound in M&A activity.
Table of contents
Corporate Themes: what to look for in 2016
Tables and charts
This report includes 3 images and tables including:
2016 cash flow breakevens
Year-on-year (2015-2016) change in upstream capital budgets (%) announced to date