Financial Review: Second-Quarter 2016

Release date: September 22, 2016
Next release date: December 2016

Key findings

• Brent crude oil prices increased from first-quarter 2016, but averaged 27% below second-quarter 2015 prices.
• Reductions to capital expenditure contributed to a decline in production (liquids and natural gas combined), the first annual decline in the 2012-16 period.
• Many companies were able to balance their capital expenditure with cash from operations.

See entire first-quarter review