Insight

The Majors' upstream transformation

This report is currently unavailable

For details on how your data is used and stored, see our Privacy Notice.
 

- FAQs about online orders
- Find out more about subscriptions

*Please note that this report only includes an Excel data file if this is indicated in "What's included" below

All of the Majors have fundamentally transformed their upstream portfolios in recent years. In terns of volume, the Majors have captured 62 billion boe of new reserves, and added 6.2 million boe/d to 2030 production. In terms of value, corporate cash flow breakevens have fallen to US$40/bbl; returns from growth projects have increased by 50%. How did they do it? New resource capture has come in the form of exploration, M&A and DROs, augmented by organic additions from within the portfolio. But re-engineering has come at a cost, and value creation is not ubiquitous.

Table of contents

  • Executive summary

Tables and charts

This report includes the following images and tables:

  • The Majors Upstream Valuations (US$ Millions)

What's included

This report contains:

  • Document

    The Majors' upstream transformation.pdf

    PDF 2.33 MB

  • Document

    The Majors' upstream transformation_data pack.xlsx

    XLSX 167.91 KB