Oil and gas capital confidence barometer

  • Share

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.

EY's Andy Brogan

Andy Brogan
Global Oil & Gas
Transaction Advisory Leader

EY's Pip McCrosite

Pip McCrosite
Global Vice Chair
Transaction Advisory Services