Markets & Finance

Financial Review: Second-Quarter 2016

Release date: September 22, 2016
Next release date: December 2016

Key findings

  • Brent crude oil prices increased from first-quarter 2016, but averaged 27% below second-quarter 2015 prices.
  • Reductions to capital expenditure contributed to a decline in production (liquids and natural gas combined), the first annual decline in the 2012-16 period.
  • Many companies were able to balance their capital expenditure with cash from operations.

Geographic distribution of global oil and natural gas companies, second-quarter 2016

See entire first-quarter review