Oil and gas capital confidence barometer
Our ninth Barometer shows a clear rebound in corporate confidence. After several years of conservative decision-making, executives are steadily moving toward investing and growth.
We are seeing increasing optimism and confidence in the underlying macroeconomic conditions and a strengthening corporate focus on growth, but there is still some lingering conservatism and risk-aversion. Our respondents have shifted their capital agenda decisively toward investing, but appear to still be wedded to a cautious approach to growth, and still focused primarily on lower-risk forms of growth.
Key findings for oil and gas
- 71% view the global economy as improving, up strongly from April 2013
- 92% view credit availability as stable or improving
- 94% expect to grow or at least keep their current workforce in the next 12 months
- 66% view growth as their organization’s main focus
- 62% view investing as the dominant focus of their organization’s capital agenda
- 39% expect to pursue an acquisition in the next 12 months
- 79% view market share growth in existing markets as a main driver of planned acquisition activity
About this survey
The Global Capital Confidence Barometer gauges corporate confidence in the economic outlook and identifies boardroom trends. It is a regular survey of senior executives from large companies around the world, conducted by the Economist Intelligence Unit (EIU). This report’s findings are based on a panel of more than 1,600 executives surveyed in September 2013, including 169 oil and gas executives.
Global Oil & Gas
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