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    1. Business Briefs

    North American upstream to generate $600B free cash flow in 2021-22

    Oct. 3, 2022
    The North American upstream industry cumulatively generated only US$47 billion in free cash flows over the last decade (2010–2020).
    Related To: Deloitte
    Source Deloitte
    Deloitte 630e8d4361edb

    The North American upstream industry cumulatively generated only US$47 billion in free cash flows over the last decade (2010–2020), according to Deloitte’s new “Striking the Balance: How and Where Will O&G Producers Deploy their Cash?” report. A series of disruptions amid ongoing underinvestment has triggered a readjustment in the energy market. However, the industry is expected to generate $600 billion in free cash flows just between 2021–2022, a 13-time quantum jump over the cumulative cash flows made between 2010-2020.The table details offshore and onshore specifics.—Deloitte

    Courtesy Deloitte
    Deloitte

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