What Was The Best Performing Oil Major In 2020?

Despite the devastating downturn of 2020, most global majors held up quite well during the market turmoil, a Rystad Energy comparative analysis reveals after measuring key upstream performance metrics. Total outshined all other peers, as the French company not only exceled in financial and operational performance, but also was the only major to replace all of the year’s produced resources. Total has been able to keep its operating cost per barrel of oil equivalent (boe) consistently below $5 in the past five years. Although it is not the…