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Markets & Finance

Financial Review: First-Quarter 2022

Release date: July 7, 2022
Next release date: September 2022

Key findings

  • Brent crude oil daily average prices were 60% higher in 1Q22 than in 1Q21 and averaged $98 per barrel.
  • In this study of 90 companies, the combined petroleum liquids production level increased less than 1% in 1Q22 from 1Q21, and natural gas production increased 3% during the same period.
  • Distributions to shareholders via dividends and share repurchases reached $32 billion on a four-quarter average basis ending in 1Q22, the highest in the 2017–22 period.
  • Net losses from hedging derivatives were $25 billion in 1Q22, the largest loss for any quarter in the 2017–22 period.

Distributions to shareholders via dividends and share repurchases reached $32 billion, the highest four-quarter average in the 2017–22 period



















See entire first-quarter review