EY Study Shows Oil & Gas Industry “Resilient” and “Profitable”

Powerhouse consulting and accounting firm Ernst & Young (EY) has just published its annual study, “US Oil and Gas Reserves, Production and ESG Benchmarking Study” (full copy below). The EY study reveals an industry with "remarkable resilience and financial performance" despite facing a challenging economic landscape in 2023. The study, which examines the 50 largest publicly traded exploration and production (E&P) companies, highlights the industry’s ability to navigate price fluctuations and maintain a trajectory of growth and profitability.

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