Markets & Finance

Financial Review: First-Quarter 2016

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

Key findings

  • Brent crude oil prices averaged at the lowest level since 2004, significantly reducing profits and cash flow for energy companies.
  • Production increased from year-ago levels, but growth is decelerating as companies reduced capital expenditure.
  • Many companies were able to balance their capital expenditure with cash from operations.

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

See entire first-quarter review