Insight
The Majors' upstream transformation
Report summary
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$40/bbl; returns from growth projects have increased by 50%. How did they do it? New resource capture has come in the form of exploration, M&A and DROs, augmented by organic additions from within the portfolio. But re-engineering has come at a cost, and value creation is not ubiquitous.
Table of contents
- Executive summary
Tables and charts
This report includes 1 images and tables including:
- The Majors Upstream Valuations (US$ Millions)
What's included
This report contains:
Other reports you may be interested in
10 November 2016
Fossil fuels to low carbon: The Majors' energy transition
Insight
Fossil fuels to low carbon: The Majors' energy transition
How will the Majors articulate their strategic response to a lower-carbon world?
$95013 February 2019
Can the Majors grow production out to 2035?
Insight
Can the Majors grow production out to 2035?
We benchmark the Majors’ production growth prospects out to 2035, analysing the main drivers.
$1,35001 August 2016
Upstream M&A and the Majors in Asia Pacific: The big sell-off?
Insight
Upstream M&A and the Majors in Asia Pacific: The big sell-off?
The Majors hold mature and mid-life upstream assets across Asia-Pacific worth nearly US$40 billion, but could that be about to change?
$1,350
Trusted by leading organisations
