Infill Thinking Lifting the O&G knowledge curve
BP and Shell updated their spending outlooks Tuesday morning. The two Majors echoed recent reports from their peers by again lowering planned capex spending. As Independents selectively spend a little more in 4Q16 and prepare to reverse their budget cuts next year, the Majors continue to systematically lower their total spend.
Optically, the 2017 trend divergence is stark. But if you dig a little deeper, you’ll find some interesting sub-trends and silver linings. In this post, we set 2017 capex expectations, break down 5 majors spending programs in 5 minutes, and show that capex headlines aren’t always what they seem.
There’s a lot more to this story…
Login to see the full update…
Members get:
- Exclusive research update newsletters
- High-caliber, data-driven analysis and boots-on-the-ground commentary
- New angles on stories you’ll only find here
- No advertisements, no noise, no clutter
- Quality coverage, not quantity that wastes your time
- Downloadable data for analysts
Contact us to learn about signing up! [email protected]
