Majors weigh growth against cost control

摘要

London—There was a time when the world’s oil majors would prioritize production growth over just about anything else. You were nothing if you weren’t increasing your output—analysts could not hide their disappointment when companies failed to raise production, or in a worst-case scenario, even suffered an output decline. This is still the case to some extent. BG Group’s string of missed production growth targets may have contributed this month to CEO Chris Finlayson losing his job.