---- Upstream Oil and Natural Gas : Revenues -----
Cumulative net revenues, i.e. gross revenues, minus operating costs, gas transport,
taxes and royalties and depreciation expenses, are projected to ...
be $47 trillion in the
450 Scenario, their level in 2035 being lower than in the New Policies Scenario, but higher
than in 2011 (Figure 3.12). Net revenues from gas grow throughout the projection period,
mainly driven by increasing demand, while net revenues from oil increase initially but peak
before 2020 and then start to decline, as demand and prices decrease. Net revenues over
the period are estimated to correspond to around a 25% return on capital.
Assuming international oil companies typically operate with 10% risk-free rates of return, and up to
20% in regions carrying a risk premium, with the average return on capital number being boosted by the
contribution of national oil companies operating in low production cost areas (based on our conservative
definition of tax rates).
---- Note: The absence of comprehensive historical data means that net revenues for previous years are
estimated by applying the same gross-to-net revenues ratio that is used for future years.
Never miss a thing with our weekly newsletter. We'll send you the latest and greatest infographics, news and all things Visually.
Go ahead, you can always opt out anytime with just one click.
Switch to Wordpress Code
Click below to copy
Get Notified of New Infographics
Thank you for subscribing to the Visually newsletter.
Just one last thing: we've sent you an email asking you to confirm your subscription.
Tell your story visually before December 31st and get a free iPad Air!*
The holidays are a great time to tell your brand story. From Black Friday trends and Mobile Shopping guides to the Best and Worst Times to Book Travel and Thanksgiving etiquette, the Visually team will help you craft your brand's unique stories and raise your social profile during the noisy holiday season.