Oct 23, 2011

Peak Supermajor was in 2005?


Early warning posted production charts for three of the big IOCs.  Today I add the other three supermajors (Shell, ConocoPhillips, and Total).  The aggregate production for all six is shown above.  Note that this is all liquids - ie it includes natural gas liquids and syncrude from tar sands in addition to regular crude oil.

As you can see the supermajors as a group have not grown over the last decade and indeed show something of a peak in 2004-2005 from which they have since declined.  Here are the individual lines (which in some cases go back further):