Financial Review: First-Quarter 2020
Release date: July 20, 2020
Next release date: September 2020
Key findings
- Brent crude oil daily average prices were 20% lower in first-quarter 2020 than in first-quarter 2019 and averaged $51 per barrel.
- The 102 companies in this study increased their combined liquids production 3.7% in first-quarter 2020 from first-quarter 2019, and their natural gas production decreased 0.1% during the same period.
- Companies increased short-term and long-term borrowing in the first quarter, increasing debt by $55 billion in the quarter.
- The companies wrote down $92 billion worth of assets during the quarter, the most since the fourth quarter of 2015.
