Trusted by the World’s Leading Oil & Gas Operators.

26+ years of global oil & gas benchmarking data and analysis.

Hydrocarbon systems evolve over time.

So does what remains achievable.

Independent Benchmarking is how sophisticated organisations establish what remains achievable as hydrocarbon systems evolve.

Fulcrium provides the independent comparative reference points needed to establish what remains achievable across the entire hydrocarbon value chain.

Independent Benchmarking Helps Answer Questions Like These
Are there better exploration opportunities under comparable geological conditions?
Fulcrium helps organisations establish what remains achievable under comparable conditions as hydrocarbon systems evolve – identifying opportunities for long-duration value extension.
Our framework is used by leading operators as a standard reference point for internal and cross-asset performance comparison.
Built on over 26 years of operator data, our work enables comparison of performance across assets, portfolios, and operators.
The dataset spans a wide range of assets, geographies, and operating environments.

Andrew Gould - Chairman & Chief Executive, Schlumberger

Establishing What World-Class Looks Like

Benchmarking is more than comparison. It provides independent reference points for establishing what world-class performance looks like under comparable conditions – and understanding what remains achievable beyond current performance.

Paul Beijer, VP – Strategy, Planning & Assurance, Shell

Independent Reference Points for Better Decisions

Better decisions begin with an independent understanding of what world-class looks like. Benchmarking helps organisations maintain an independent comparative perspective as operating conditions, business priorities, and hydrocarbon systems evolve.

Julio Dal Poz - Senior Strategy Advisor, Equinor

What Remains Achievable

The greatest opportunities often emerge when accepted interpretations no longer reflect what remains achievable. Benchmarking provides an independent basis for challenging assumptions before they become embedded in long-term operational and investment decisions.

Jim Ratcliffe Fulcrium Ineos

Sir Jim Ratcliffe - Chairman, INEOS Chemicals

Beyond Current Performance

The objective is not simply to improve today’s performance, but to establish what remains achievable beyond it. Independent benchmarking provides the reference points needed to support better technical, operational and investment decisions.

World-Class Performance

World-class performance is rarely obvious – but it exists, can be identified under comparable conditions, and helps establish what remains achievable across oil & gas systems.

Built on more than 26 years of observing how comparable hydrocarbon systems evolve, Fulcrium provides the independent reference points needed to establish that perspective consistently across assets, operators, and operating environments.

Our framework is used by leading operators as a standard reference point for internal and cross-asset performance comparison.

It is built for direct application in operational and asset-level decision-making.

The dataset spans a wide range of assets, geographies, and operating environments.

A small sample of peer companies Fulcrium tracks...

 
Exxon
Shell
Chevron
Total
Equinor
Ineos
BP
Fulcrium Schlumberger SLB Benchmarking
Halliburton
Aramco
QatarEnergy
Qatar Gas
ADNOC
Fulcrium Basra Oil Company Benchmarking
Fulcrium Iraq North Oil Company Benchmarking
Fulcrium Iraq Missan Oil Company Benchmarking
Fulcrium Iraq State Oil Marketing Company Benchmarking
Fulcrium Kuwait Oil Company Benchmarking
Petronas
PDVSA
PetroChina
Petrobras
Pemex
BASF
Covestro
DOW
Dupont
BHP
TechnipFMC
Baker Hughes
ConocoPhillips
Fulcrium Kinder Morgan Oil Terminals Benchmarking
Fulcrium ENEOS Terminals Benchmarking
Formosa Plastics
Huntsman Corp
Inovyn
Kem One
Fulcrium Magellan Midstream Partners Benchmarking
Lubrizol
Reliance Industries
Westlake Chemical
Maersk
GE
Repsol
Weatherford
 

Our Dataset

Our Dataset

Fulcrium’s dataset has been developed over more than 26 years through benchmarking engagements with major oil & gas operators across a wide range of assets, geographies, and operating environments.

The dataset comprises consistently defined operational, financial, and technical performance information, providing comparative reference points across operators, portfolios, and individual assets – and helping establish what world-class performance looks like under comparable conditions.

Because the dataset has been accumulated continuously over time, it maintains visibility of how comparable hydrocarbon systems evolve across changing operating conditions, development phases, maturity stages, and business environments.

Establishing what remains achievable depends upon comparative context, longitudinal observation, system-wide visibility, and understanding how performance has evolved across comparable hydrocarbon systems over extended periods of time.

Few organisations possess and maintain visibility across all of these dimensions simultaneously, over time, and as conditions evolve.

This provides a robust, evidence-based foundation for understanding how hydrocarbon systems evolve over time, establishing what remains achievable, and identifying opportunities for long-duration value extension.

Our Methodology

A structured benchmarking methodology developed over more than 26 years.

Outstanding techniques that drive best performance. Outputs from this stage are parameters for a granular benchmarking framework.

Baselining

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Utilising our unique, proprietary and global benchmarking database, we ensure the critical mass of accurate data for comparison.

Benchmarking

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Accurate value identification, quantification and prioritisation of improvement options that would not otherwise have been considered.

Value Analytics

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Value excellence to define scope, goals and the top-quartile initiatives needed to close performance gaps to drive exceptional value realisation.

Terms of Reference

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Verification of benchmark methodology, data, analytics, accuracy of value-identification, and business case before initiatives are sanctioned.

Validation & Assurance

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Customised execution to take action on the values, practices and procedures that will drive exceptional value realisation.

Follow Through

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Fulcrium Benchmarking Methodology Videos

How does Shell launch a benchmarking initiative?

How Shell’s culture drives the business case for benchmarking.

Is Shell prepared to make “tough” decisions as a result of benchmarking?

How benchmarking drives efficiency at Equinor.