Insight
How is inflation impacting upstream corporate budgets across the globe?
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*Please note that this report only includes an Excel data file if this is indicated in "What's included" below
Report summary
What started out as a tame ascent up the cycle curve has picked up considerable speed. A faster-than-expected demand recovery has strained an already tight oil and gas market. In the past six months, inflation has soared, driving operators to increase budgets. But the sector’s response is nowhere near what happened in 2014 – a time when E&Ps were fighting over rig counts. How is inflation impacting upstream corporate budgets across the globe?
Table of contents
- Executive summary
- What’s behind the increased spend?
- Is rising investment impacting E&Ps globally?
- What about company size?
- Why is there such a divide?
- How is 2023 shaping up?
- Related research
Tables and charts
This report includes the following images and tables:
- Word cloud for capex revision announcements
- L48: Q1 and Q2 changes in capital expenditure guidance
- Canada: Q1 and Q2 changes in capital expenditure guidance
- Peer groups: change in capital expenditure guidance relative to realized 2021 spend
What's included
This report contains:
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