Oil Majors’ Costs Have Risen 66% Since 2011
Green Car Congress
MARCH 3, 2017
Dubbed the “Supermajors’ Cost Index,” Apex concludes that the supermajors spent 66 percent more on development costs in 2015 than they did in 2011, despite the widely-touted “efficiency gains” implemented during the worst of the market slump. But costs still stood 66 percent higher than in 2011. However, performances varied by company.
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