Permian Q3 2022 earnings: Growth continues despite geopolitical and economic uncertainty
Although the market faced ongoing economic and geopolitical pressures in Q3 2022, Permian operators had a successful quarter, highlighted by climbing production volumes and the acceleration of new energy investments.
In this report, Validere’s Market Fundamentals Team examines the latest earnings presentations of publicly-traded Permian operators, including large-cap, mid-cap, small-cap, and midstream companies.
Key insights from the report include:
- What led to strong financial results for Permian operators, despite ongoing uncertainty
- How operators increased investment in new energy projects, such as carbon capture
- Why recent announcements by the U.S. & OPEC suggest limited downside to oil prices in 2023
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