Financial Review: Third-quarter 2017
Release date: December 19, 2017
Next release date: April 2018
Key findings
- Brent crude oil prices were 9% higher than third-quarter 2016 prices and have averaged more than $50 per barrel for four consecutive quarters, contributing to higher cash flow for companies producing oil and natural gas
- Liquids production increased 5% in third-quarter 2017 over third-quarter 2016, the highest year-over-year rate since third-quarter 2015
- Energy companies' return on equity was the largest since first-quarter 2015
- Capital expenditure increased 20% year-over-year, the largest growth rate during 2012–17
