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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.
