Oil Majors’ Costs Have Risen 66% Since 2011
Green Car Congress
MARCH 3, 2017
Apex put together a proprietary index that measures cost pressure for the “supermajors” – ExxonMobil, Royal Dutch Shell, Chevron, Eni, Total and ConocoPhillips. Eni, for example, saw its development costs decline by 32 percent between 2011 and 2015, a notable achievement. But costs still stood 66 percent higher than in 2011.
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