The Majors had a strong 2019. Production jumped 4% and asset sales continued to reposition portfolios. We look at highlights for the Majors' peer group over the last twelve months and benchmark investment, finances, production, M&A, exploration and new energies. We review how each company's upstream portfolios changed in 2019 and give some pointers to possible moves in 2020. Companies covered are BP, Chevron, Eni, Equinor, ExxonMobil, Shell and Total.