As the global economic downturn loosens its grip, international oil and gas companies are returning their full attention to the pursuit of value growth. We estimate that the international industry has an upstream portfolio value in excess of US$2.6 trillion; shared between more than 650 companies and 80 countries, around the globe. This valuation includes no allowance for exploration acreage.

Over one third of this total is attributable to the world’s five largest international companies – Shell, ExxonMobil, Chevron, BP and Total. Shell and ExxonMobil, at around US$220 billion, have the most valuable upstream portfolios and, whilst these figures are impressive, they are still some way short of the value attributable to the world’s largest national oil companies, such as Saudi Aramco, PetroChina and Gazprom.

Our Insight "Maintaining the pursuit of upstream value" looks at the value of NOCs' international portfolios, the link between reserves and value, and the balance between oil and gas in upstream asset bases.

To request a copy of the report addressing this analysis, please click on the link below

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