Oil & Gas Overview - Ernst & Young - United States

In this study, we examine publicly available information for the top 50 US Exploration and Production (E&P) companies largely representative of the industry for the five-year period from 2005 through 2009. Get an inside look at E&P trends surrounding capital spending, revenues, oil and gas reserves and performance measures.

When exploring accounting, reporting and tax considerations with respect to carbon emissions programs in the US, companies should use a comprehensive approach to comply with current regulations and potential future legislation. Find out what you can do now to prepare for EPA’s new climate change regulations.

Is the slowdown in deal activity any indication of the future? As last year demonstrated, it’s all in the way you view it. While oil and gas transactions appear healthy in upstream, in the downstream world, over-capacity in some regions is likely to drive uncertainty and transactional challenges. Let’s examine the key drivers (pdf, 770.1kb).

In our quarterly reports, “NOC Monitor” offers insight into the changing economic and political landscape around the world, examining activity in partnerships, M & A, consolidations, and government policy developments between IOCs and NOCs. Tap into our insightful publications.

If you are not asking “what if” today, you may be asking tomorrow, “why didn’t we prepare for that?” Scenario planning that considers multiple outcomes can shape sound business decisions. To jumpstart your planning exercises, we bring you through several “what if” scenarios and possible outcomes for the global economy.

How can you manage your company through the recession and position yourself for growth? After interviewing thousands of oil and gas executives, we identified some overarching themes. From demonstrating operational flexibility to managing risks, we reveal the lessons that could mean the difference between surviving and thriving in the new economic environment.

Do you need to understand the key differences between US GAAP and IFRS, or stay up-to-date on issues oil and gas organizations should consider before a potential conversion? We are pleased to offer practical guidance and valuable insights on this financial reporting language. Learn about the requirements of IFRS specific to the oil and gas industry from our various thought leadership reports.