Will the good times keep rolling? – Top upstream trends for 2023

Key implications:

After navigating the treacherous waters of the pandemic and the downcycle, upstream operators had their best year in decades in 2022, fortifying balance sheets and delivering cash flow surpluses that were the envy of the equity markets. But moving from zero to hero has furnished operators with a novel set of challenges as they seek to build on their success to show sustainable value.

This report highlights our view of what will unfold in the year ahead both inside and outside the sector and will serve as a guide for the research topics we will tackle throughout 2023.

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This article was published by S&P Global Energy and not by S&P Global Ratings, which is a separately managed division of S&P Global.