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Financial Review: Third-Quarter 2023

Release Date: December 18, 2023 Next Release Date: May 2024

Key findings for third-quarter 2023

  • The Brent crude oil daily average price was 12% lower in 3Q23 than in 3Q22 and averaged $86 per barrel. The Henry Hub daily average price was 67% lower over the same period and averaged $2.66 per million British thermal units.
  • For the 142 energy companies in our study, combined petroleum liquids production increased 4.8%, and natural gas production decreased 1.2% year over year. Petroleum liquids production by these companies was at its highest since 1Q20.
  • Distributions to shareholders via dividends and share repurchases remain well above the pre-pandemic level, averaging $67 billion over the last four quarters.
  • The energy companies’ combined market capitalization rose to a five-year high, at $2.54 trillion.
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3rd Quarter 2023 PDF

Previous Issues

2nd Quarter 2023 (10/2/2023) PDF
1st Quarter 2023 (7/24/2023) PDF
2022 Annual (6/20/2023) PDF
3rd Quarter 2022 (12/14/2022) PDF
2nd Quarter 2022 (9/22/2022) PDF
1st Quarter 2022 (7/7/2022) PDF
Annual 2021 (05/26/2022) PDF
3rd Quarter 2021 (12/29/2021) PDF
2nd Quarter 2021 (9/29/2021) PDF
1st Quarter 2021 (7/15/2021) PDF
Annual 2020 (5/27/2020) PDF
3rd Quarter 2020 (12/17/2020) PDF
2nd Quarter 2020 (9/23/2020) PDF
1st Quarter 2020 (7/20/2020) PDF
Annual 2019 (5/21/2020) PDF
3rd Quarter 2019 (12/30/2019) PDF
2nd Quarter 2019 (9/19/2019) PDF
1st Quarter 2019 (7/22/2019) PDF
Annual 2018 (5/30/2019) PDF
3rd Quarter 2018 (12/18/2018) PDF
2nd Quarter 2018 (9/18/2018) PDF
1st Quarter 2018 (7/12/2018) PDF
Annual 2017 (5/27/2018) PDF
3rd Quarter 2017 (12/19/2017) PDF
2nd Quarter 2017 (9/26/2017) PDF
1st Quarter 2017 (6/16/2017) PDF
Annual 2016 (5/17/2017) PDF
3rd Quarter 2016 (1/3/2017) PDF
2nd Quarter 2016 (9/22/2016) PDF
1st Quarter 2016 (7/22/2016) PDF
Annual 2015 (5/13/2016) PDF
3rd Quarter 2015 (12/15/2015) PDF
2nd Quarter 2015 (9/24/2015) PDF
1st Quarter 2015 (7/20/2015) PDF
Annual 2014 (5/19/2015) PDF
3nd Quarter 2014 (12/19/2014) PDF
2nd Quarter 2014 (10/14/2014) PDF
Annual 2013 (8/6/2014) PDF