Oil and gas capital confidence barometer
The oil and gas companies in our survey are significantly more optimistic about the future of the global economy than they were six months ago.
More than 44% of the oil and gas company respondents believe the global economic situation is improving, up from 27% in October 2012. There has also been a decrease in the number of companies who report declining sentiment, from 23% to 17%.
What is your perspective on the state of the globaleconomy today?
More than half of oil and gas respondents reported being positive about economic prospects in terms of economic growth, employment growth, corporate earnings and credit availability.
What is your level of confidence in the following economic indicators at the global level?
Local economic sentiment also strengthens
In line with the global results, positive local economic sentiment has also increased. Once again, the oil and gas respondents were slightly more optimistic than the broader sample.
What is your perspective on the state of the local economy today?
A supportive regulatory environment and increasing economic confidence drive job creation
An overwhelming majority — more than 80% — of oil and gas respondents see the current regulatory environment as supportive of business growth initiatives, at both the global and local/domestic level.
With regard to employment, which of the following does your organization expect to do over the next 12 months?