Brent_crude_oil_prices_and_exploration_and_development_expenditures_for_102_exploration_and_development_companies_in_2010_through_2019_(49970299977).png
Summary
Description Brent crude oil prices and exploration and development expenditures for 102 exploration and development companies in 2010 through 2019 (49970299977).png |
According to the financial reports analyzed by the U.S. Energy Information Administration (EIA), global expenditures related to oil and natural gas exploration and development (E&D) increased $42 billion (13%) for 102 publicly traded oil companies in 2019, totaling $361 billion. As a result of significant crude oil price declines in 2020, however, global proved reserves will likely be revised downward, and E&D expenditures will also likely decline. Several companies have already announced large budget reductions. <a href=" https://www.eia.gov/todayinenergy/detail.php?id=43975 " rel="noreferrer nofollow">www.eia.gov/todayinenergy/detail.php?id=43975</a> June 4, 2020 |
Date | |
Source | Brent crude oil prices and exploration and development expenditures for 102 exploration and development companies in 2010 through 2019 |
Author | U.S. Energy Information Administration |
Licensing
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This image was originally posted to Flickr by U.S. Energy Information Administration at https://flickr.com/photos/124982865@N08/49970299977 . It was reviewed on 5 June 2020 by FlickreviewR 2 and was confirmed to be licensed under the terms of the United States Government Work. |
5 June 2020