Energy_Transition

Exploration and production spending not expected to rebound as upstream players look to diversify

Budgets predicted to stay below pre-Covid levels with next investment cycle focused on emissions reductions

Reeling in spending: oil majors are unlikely to ramp up their E&P budgets back to above pre-Covid levels as they look to diversify their portfolios in the energy transition
Reeling in spending: oil majors are unlikely to ramp up their E&P budgets back to above pre-Covid levels as they look to diversify their portfolios in the energy transitionPhoto: AFP/SCANPIX
Perth
Rystad EnergyOlga SavenkovaShellBPChevron
Published 23 September 2021, 10:48Updated 24 September 2021, 14:55