U.S. Energy Information Administration - EIA - Independent Statistics and Analysis
Markets & Finance
Previous Issues3rd Quarter 2015 (12/15/2015)
2nd Quarter 2015 (9/24/2015)
1st Quarter 2015 (7/20/2015)
Annual 2014 (5/19/2015)
3nd Quarter 2014 (12/19/2014)
2nd Quarter 2014 (10/14/2014)
Annual 2013 (8/6/2014)
Financial Review: Annual 2015
Release date: May 13, 2016
Next release date: July 2016
- Brent crude oil prices averaged $53.60 in 2015—46% below 2014 levels—which significantly reduced cash flow for upstream companies.
- Asset write-downs reduced profits and the amount of proved reserves; proved liquids reserves declined for the first time since 2008.
- Production increased largely because of investment from past projects.
- Companies were able to access cash from capital markets and asset sales in the face of declining cash from operations.
- Capital expenditure fell below 2009 levels, and 2016 spending is likely to decline again.