Insight
The Majors' upstream transformation
This report is currently unavailable
*Please note that this report only includes an Excel data file if this is indicated in "What's included" below
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$40/bbl; returns from growth projects have increased by 50%. How did they do it? New resource capture has come in the form of exploration, M&A and DROs, augmented by organic additions from within the portfolio. But re-engineering has come at a cost, and value creation is not ubiquitous.
Table of contents
- Executive summary
Tables and charts
This report includes the following images and tables:
- The Majors Upstream Valuations (US$ Millions)
What's included
This report contains:
Other reports you may be interested in
Country Report
Bulgaria upstream summary
A mature hydrocarbon province in decline - Oil production began in the mid-20th century and peaked at over 9,000 b/d in 1966. Gas ...
$4,080
Country Report
Egypt upstream summary
Egypt's gas production continues to decline, even more steeply than anticipated. We expect average domestic output in 2025 to be ...
$11,340
Asset Report
Corrib
Vermilion Energy operates the offshore Corrib field, which is Ireland's dominant source of gas supply. Corrib is located around 70 ...
$3,720
