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FACTBOX-Lehman survey of major oil company spending

Fri Jun 6, 2008 10:58pm IST
 
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 NEW YORK, June 6 (Reuters) - Worldwide spending on oil and gas exploration and production is
expected to rise by 20 percent to $418 billion this year, driven by higher energy prices, Lehman
Brothers said on Friday in its semiannual survey of energy companies.
 The following is a breakdown of the largest oil and gas companies' spending plans.
  (in billions of U.S. dollars)
                       2008 (est)     2007       pct change
----------------------------------------------------------------
INTEGRATED OIL MAJORS
 BP Plc (BP.L: Quote, Profile, Research)              $9.50        $8.71          9 pct
 Chevron (CVX.N: Quote, Profile, Research)           $11.80        $9.98         18 pct
 ConocoPhillips (COP.N: Quote, Profile, Research)     $5.50        $4.85         13 pct
 Exxon Mobil (XOM.N: Quote, Profile, Research)       $14.58       $12.42         17 pct
 Royal Dutch/Shell(RDSa.L: Quote, Profile, Research) $16.60       $13.94         19 pct
 Total (TOTF.PA: Quote, Profile, Research)           $12.74       $10.50         21 pct
MIDDLE EAST/AFRICA
 ADNOC                      $2.25        $1.95         15 pct
 Nigerian Nat'l Oil Co      $4.70        $3.50         34 pct
 Saudi Aramco              $11.80        $9.00         31 pct
 Sonangol                   $9.25        $7.00         32 pct
 Sonatrach                  $4.90        $3.50         40 pct
NORTH AMERICA
 Anadarko Petroleum (APC.N: Quote, Profile, Research) $0.77        $0.44         73 pct
 Apache (APA.N: Quote, Profile, Research)             $2.80        $2.40         17 pct
 Can. Natural Res (CNQ.TO: Quote, Profile, Research)  $0.69        $0.55         25 pct
 Marathon Oil (MRO.N: Quote, Profile, Research)       $1.34        $1.16         15 pct
 Murphy Oil (MUR.N: Quote, Profile, Research)         $1.19        $0.91         30 pct
 Nexen (NXY.TO: Quote, Profile, Research)             $1.21        $0.92         32 pct
 Occidental Pet. (OXY.N: Quote, Profile, Research)    $1.95        $1.73         13 pct
 PetroCanada (PCA.TO: Quote, Profile, Research)       $1.64        $0.71        132 pct
 Talisman Energy (TLM.TO: Quote, Profile, Research)   $3.25        $2.42         34 pct
RUSSIA
 Gazprom (GAZP.MM: Quote, Profile, Research)          $9.70        $5.77         68 pct
 Gazpromneft (SIBN.MM: Quote, Profile, Research)      $3.30        $2.04         61 pct
 Lukoil (LKOH.MM: Quote, Profile, Research)           $8.38        $7.56         11 pct
 Rosneft (ROSN.MM: Quote, Profile, Research)          $5.20        $3.70         41 pct
 Surgutneftegaz (SNGS.MM: Quote, Profile, Research)   $3.00        $3.34        -10 pct
 TNK                        $4.00        $3.50         14 pct
LATIN AMERICA
 Pan American Energy        $0.65        $0.56         16 pct
 PDVSA                      $6.83        $5.49         24 pct
 PEMEX                     $16.20       $13.70         18 pct
 Petrobras (PETR4.SA: Quote, Profile, Research)      $16.33       $13.15         24 pct
 Petrotrin                  $0.59        $0.51         15 pct
EUROPE
 BG Group (BG.L: Quote, Profile, Research)            $3.05        $3.17         -4 pct
 ENI (ENI.MI: Quote, Profile, Research)              $11.50        $8.30         39 pct
 OMV (OMVV.VI: Quote, Profile, Research)              $2.50        $1.80         39 pct
 Repsol YPF (REP.MC: Quote, Profile, Research)        $2.84        $3.14        -10 pct
 StatoilHydro (STL.OL: Quote, Profile, Research)     $11.90       $10.20         17 pct
ASIA
 CNOOC (0883.HK: Quote, Profile, Research)            $5.94        $4.25         40 pct
 Inpex Corp                 $2.40        $3.04        -21 pct
 ONGC                       $4.60        $3.86         19 pct
 Pakistan Petroleum (PPL.KA: Quote, Profile, Research)$0.31        $0.24         29 pct
 Pertamina                  $1.36        $1.05         30 pct
 PetroChina (601857.SS: Quote, Profile, Research)    $18.93       $17.66          7 pct
 PTT Exploration PTTE.BK  $1.87        $1.26         48 pct
 Reliance Indust. (RELI.BO: Quote, Profile, Research) $2.00        $1.80         11 pct
 Sinopec (600028.SS: Quote, Profile, Research)        $8.60        $7.25         19 pct
 Source: Lehman Brothers
(Reporting by Matt Daily)


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