File:Brent crude oil prices and exploration and development expenditures for 102 exploration and development companies in 2010 through 2019 (49970299977).png
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Summary
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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 |
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| 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 is a work of a United States Department of Energy (or predecessor organization) employee, taken or made as part of that person's official duties. As a work of the U.S. federal government, the image is in the public domain.
Please note that national laboratories operate under varying licences and some are not free. Check the site policies of any national lab before crediting it with this tag.
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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. |
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| Date/Time | Thumbnail | Dimensions | User | Comment | |
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| current | 04:19, 5 June 2020 | | 1,041 × 533 (88 KB) | MarginalCost | Transferred from Flickr via #flickr2commons |
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