Global Upstream portfolio

Production volumes

We produced 4 million net oil-equivalent barrels per day in 2017.

We continue to focus our portfolio on higher-margin barrels. In 2017, our total production was 57 percent liquids and 43 percent natural gas. Our successful exploration activities, strategic acquisitions, and new project developments will further strengthen the portfolio to drive future value growth.

Total net production of 4 million oil-equivalent barrels per day exceeds competition.

Key activities to bring on new volumes in 2018 include ramp-ups at Odoptu Stage 2, Upper Zakum, and Hebron; continued global drilling programs; and start-up of Angola Block 32 Kaombo. We also plan aggressive development of our large, liquids-rich unconventional resources in the United States, with a focus on the Permian Basin and Bakken formation. We have a deep inventory of opportunities in these tight-oil plays that yield attractive returns at prices below $40 per barrel.

• Major project start-ups – XLSX / 18.01 KB

Upstream statistical information

• Oil and gas exploration and production earnings – XLSX / 19.8 KB
• Number of net wells drilled annually – XLSX / 11.26 KB
• Net acreage at year end – XLSX / 11.52 KB
• Costs incurred in property acquisitions, exploration, and development activities – XLSX / 12.48 KB
• Net capitalized costs at year end – XLSX / 10.83 KB
• Net liquids production – XLSX / 12.51 KB
• Net natural gas production available for sale – XLSX / 12.08 KB
• Natural gas sales – XLSX / 10.79 KB
• Proved oil and gas reserves – XLSX / 13.44 KB
• 2017 reserves changes by region – XLSX / 12.65 KB
• Proved oil and gas reserves replacement – by type – XLSX / 12.47 KB
• Proved oil and gas reserves replacement – by geography – XLSX / 13.46 KB