Insight
Is the upstream oil and gas industry on-track to generate free cash flow?
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Report summary
The Brent price required for cash-flow neutrality continues to fall. The weighted average was US$93/bbl heading into 2015, US$75/bbl by the end of the year and US$65/bbl entering 2016. Action taken since has reduced our current estimate to just US$53/bbl; an impressive 40% lower than 18 months ago. But can companies generate free cash flow? We review the current corporate positioning, and the strategic actions taken.
What's included
This report contains
Table of contents
- Key Messages
- Surviving the cycle
- Capital budgets remain the key strategic lever
- Peer-group positioning
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What to expect during 2016?
- Continued push for cash flow neutrality
- Balance sheets at both ends of the spectrum will evolve
Tables and charts
No table or charts specified
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