Markets & Finance

Financial Review: Third-Quarter 2016

Release date: January 3, 2017
Next release date: March 2017

Key findings

  • Brent crude oil prices averaged 10% below the third quarter of 2015 and contributed to year-over-year declines in cash from operations and capital expenditures.
  • Reductions in capital expenditures contributed to a decline in production of petroleum liquids and natural gas compared to the third quarter of 2015.
  • Almost half of the energy companies reported positive earnings from upstream operations, the highest percentage since the 2011–14 period.

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

See entire third-quarter review