Insight
US upstream in brief: Chevron, Shell, BP reveal differing GoA strategies in Q4 earnings calls
*Please note that this report only includes an Excel data file if this is indicated in "What's included" below
Report summary
The US week in brief report highlights the need-to-know events from US upstream. It is a rolling document, continuously updated with our own analysis and opinion on events impacting the sector. Coverage includes US onshore and Gulf of Mexico. Sources for the news stories include company press releases, industry events, press coverage, and our own modelling changes. The facts are presented, but more importantly we discuss implications for our modelling.
Table of contents
- Chevron, Shell, BP reveal differing GoA strategies in Q4 earnings calls
- ICYMI: Americas upstream 2026 outlook webinar
- Class of 2026 FIDs set to exceed US$100 billion
- Transocean-Valaris merger creates Gulf of America drilling giant
- bpx ahead of schedule on 2030 growth aims
- ICYMI: Reawakening Rockies gas
- Devon and Coterra merge to form the largest independent in the L48
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US upstream support solid year end results for Chevron and ExxonMobil
- Chevron
- ExxonMobil
- ICYMI: Global upstream update
- Freezing temperatures disrupt US gas supply
- Winter volatility favors EQT’s open book over Expand’s hedged certainty
- Beacon’s Zephyrus success strengthens position ahead of potential US$5bn sale
- 11 more item(s)...
Tables and charts
This report includes the following images and tables:
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Chevron, Shell, BP GoA capex and production trends2026 pre-FID project unit development costs by project and resource theme
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bpx liquids and gas production since 2019US Lower 48 production from select operatorsFreeze-off Forecast RangesEQT is an outlier on low 2026 hedge coverage despite peer‑leading absolute volumes at ExpandSwaps and two‑way collars cap upside across much of the gas peer groupWell performance comparison – Black Oil subplayWell performance comparison – Karnes Trough subplayAethon Energy Haynesville acreage
- 9 more item(s)...
What's included
This report contains:
