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Hedging: where is the value?


Hedging: where is the value?

Report summary

Hedging strategies: of our peer group of 32 of the largest upstream companies with active hedging programmes, half have added derivatives since end-Q3 2015. The new hedges increased the volume of hedged oil by 22% and hedged gas by 45% in 2016, mitigating the impact from continued price falls in Q1 2016. We calculate that derivative gains for the peer group will offset 31% of the US$32 billion reduction in gross upstream revenue that strip prices in 2016 imply, relative to 2015. 

What's included?

This report includes 2 file(s)

  • WM hedging data.zip ZIP - 4.29 MB
  • Hedging a primer and summary of oil and gas price derivatives.pdf PDF - 1.14 MB

Description

This Upstream Oil and Gas Insight report highlights the key issues surrounding this topic, and draws out the key implications for those involved.

This report helps participants, suppliers and advisors understand trends, risks and issues within the upstream oil and gas industry. It gives you an expert point of view to support informed decision making.

Wood Mackenzie's 500 dedicated analysts are located in the markets they cover. They produce forward-looking analysis at both country and asset level across the globe, backed by our robust proprietary database of trusted research.

Proprietary data means a superior level of analysis that is simply not available anywhere else. Wood Mackenzie is the recognised gold standard in upstream commercial data and analysis.

  • Hedging strategies
  • Hedging outlook
  • Hedging primer
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