US producers remain cautious on investments

Decision makers in the oil and gas industry will become more inclined to put investment in production and energy transition at the forefront of their thinking next year although capital discipline remains a prime mover for the time being, according to the findings of the latest survey by Deloitte, a London-headquartered management consultancy.

A total of 100 US executives or high-ranking officials took part in the firm’s survey, and a majority, especially those representing listed companies with a sizeable upstream activity, were sticking to a “cautious” strategy when it came to production growth and said they would continue to prioritise share valuation.

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