The North American upstream industry cumulatively generated only US$47 billion in free cash flows over the last decade (2010–2020), according to Deloitte’s new “Striking the Balance: How and Where Will O&G Producers Deploy their Cash?” report. A series of disruptions amid ongoing underinvestment has triggered a readjustment in the energy market. However, the industry is expected to generate $600 billion in free cash flows just between 2021–2022, a 13-time quantum jump over the cumulative cash flows made between 2010-2020.The table details offshore and onshore specifics.—Deloitte
