Sustainable Growth toward Top-Tier Status among Upstream Companies
First written in FY2016. 15 of 22 entries say "Restated". Latest entry: FY2026-H1.
The whole theme swung hardest in 2025: 6 of 27 companies on the "Worse" side.
13 other companies' latest entry also says "Restated".
- FY2026-H1RestatedAnnual report
「While remaining conscious of capital efficiency and financial soundness, the INPEX Group will use its strong financial position to expand its business base and enable the stable and efficient supply of oil and natural gas resources, making growth investments in exploration and development activities and the development and expansion of supply infrastructure.」
The policy of expanding the business base through growth investment in exploration, development and supply infrastructure, while remaining conscious of financial soundness and capital efficiency, has been reaffirmed. - FY2024RaisedAnnual report
「▶ 60% expansion in business scale」
Toward 2035, the target was set to expand business scale by 60% by bringing projects under development, including Abadi and Ichthys expansion, to fruition following the start of Ichthys production and business expansion in Abu Dhabi. - FY2024-H1RestatedAnnual report
「Specifically, we will continue to position the oil and natural gas business as a core business and fulfill our two social responsibilities—ensuring a stable energy supply and responding responsibly to climate change—by strengthening and cleaning up the business.」
The policy of pursuing stable energy supply and responsible climate action through a stronger and cleaner oil and natural gas business has been reaffirmed. - FY2023-Q3RestatedAnnual report
「Specifically, we will continue to position the oil and natural gas business as a core business and fulfill our two social responsibilities—ensuring a stable energy supply and responding responsibly to climate change—by strengthening and cleaning up the business.」
The positioning of the oil and natural gas business as the core business, with efforts to strengthen and clean up the business, has been reaffirmed. - FY2023-Q2RestatedAnnual report
「Specifically, we will continue to position the oil and natural gas business as a core business and fulfill our two social responsibilities—ensuring a stable energy supply and responding responsibly to climate change—by strengthening and cleaning up the business.」
The positioning of the oil and natural gas business as the core business, with efforts to strengthen and clean up the business to ensure stable supply and address climate change, has been reaffirmed. - FY2023-Q1RestatedAnnual report
「Specifically, we will continue to position the oil and natural gas business as a core business and fulfill our two social responsibilities—ensuring a stable energy supply and responding responsibly to climate change—by strengthening and cleaning up the business.」
The positioning of the oil and natural gas business as the core business, together with efforts to strengthen and clean up the business, has been reaffirmed. - FY2022RestatedAnnual report
「We will continue to position the oil and natural gas business as a core business and fulfill our two social responsibilities—ensuring a stable energy supply and responding responsibly to climate change—by pursuing three basic strategies in an integrated manner: focusing resources on core areas, shifting toward natural gas, and strengthening and cleaning up the business.」
The basic strategy of treating oil and natural gas as the core business and pursuing concentration on core areas, a shift toward natural gas, and business strengthening and cleanup in an integrated manner has been reaffirmed. - FY2022-Q3RestatedAnnual report
「Specifically, we will continue to position the upstream oil and natural gas business as a core business and fulfill our two social responsibilities—ensuring a stable energy supply and responding responsibly to climate change—by strengthening and cleaning up the business.」
The upstream oil and natural gas business remains the core business, and the positioning of strengthening and cleaning up the business has been reaffirmed. - FY2022-Q2RestatedAnnual report
「Specifically, we will continue to position the upstream oil and natural gas business as a core business and fulfill our two social responsibilities—ensuring a stable energy supply and responding responsibly to climate change—by strengthening and cleaning up the business.」
The positioning of the upstream oil and natural gas business as the core business, together with efforts to strengthen and clean up the business, has been reaffirmed. - FY2022-Q1RestatedAnnual report
「Specifically, we will continue to position the oil and natural gas business as a core business and fulfill our two social responsibilities—ensuring a stable energy supply and responding responsibly to climate change—by strengthening and cleaning up the business.」
The positioning of the oil and natural gas business as the core business, with efforts to strengthen and clean up the business, has been reaffirmed. - FY2021AdvancedAnnual report
「The conditions, including approval by the Norwegian government, were subsequently satisfied, and we acquired the shares of Idemitsu Snorre Petroleum Co., Ltd. on 31 January 2022.」
The conditions of the acquisition agreement signed in fiscal 2021 for the Norwegian oil and natural gas business were satisfied, and the share acquisition was completed on 31 January 2022. - FY2021-Q3AdvancedAnnual report
「We judged that, by strengthening our business base in Norway, we could further strengthen our upstream business and enhance corporate value, while proactively expanding into decarbonization businesses in Europe, including Norway, thereby cleaning up the upstream business and fulfilling our two social responsibilities of ensuring a stable energy supply and responding responsibly to climate change.」
An agreement was signed to acquire 50.5% of the outstanding shares of ISD to strengthen the Norwegian business base. The acquisition of a specific interest to strengthen the upstream business was disclosed, but completion was scheduled for 1 January 2022 and was subject to approval by the Norwegian government and other conditions. - FY2021-Q2RestatedAnnual report
「Specifically, we will continue to position the upstream oil and natural gas business as a core business and fulfill our two social responsibilities—ensuring a stable energy supply and responding responsibly to climate change—by strengthening and cleaning up the business.」
The policy of building on the upstream oil and natural gas business while strengthening and cleaning up operations has been reaffirmed. - FY2021-Q1RestatedAnnual report
「Specifically, we will continue to position the upstream oil and natural gas business as a core business and fulfill our two social responsibilities—ensuring a stable energy supply and responding responsibly to climate change—by strengthening and cleaning up the business.」
The positioning of the upstream oil and natural gas business as the core business, together with efforts to strengthen and clean up the business, has been reaffirmed. - FY2020RestatedAnnual report
「We will continue to position our upstream oil and natural gas business as a core business and fulfill our two social responsibilities—ensuring a stable energy supply and responding responsibly to climate change—by strengthening and cleaning up our operations.」
The upstream business remains positioned as the foundation of the company. The previous targets of ranking among the top 10 international oil companies and achieving 1 million barrels per day were not reiterated in this filing. - FY2020-Q3RestatedAnnual report
「Our Group will make the utmost use of its balanced asset portfolio, its presence as a core Japanese company aspiring to rank among the leading international oil companies, and the high level of technical expertise developed through our operator business, and will continue to actively advance projects around the world. In doing so, we will contribute to the stable supply of energy to Japan and to increasing Japan’s self-development ratio for oil and natural gas.」
The direction of advancing projects around the world as an upstream operator aspiring to rank among the leading international oil companies, thereby contributing to stable energy supply and a higher self-development ratio, was reaffirmed. - FY2020-Q2RestatedAnnual report
「Our Group will make the utmost use of its balanced asset portfolio, its presence as a core Japanese company aspiring to rank among the leading international oil companies, and the high level of technical expertise developed through our operator business, and will continue to actively advance projects around the world. In doing so, we will contribute to the stable supply of energy to Japan and to increasing Japan’s self-development ratio for oil and natural gas.」
The direction of advancing projects around the world as an upstream operator aspiring to rank among the leading international oil companies, thereby contributing to stable energy supply and a higher self-development ratio, was reaffirmed. - FY2019RestatedAnnual report
「Specifically, by maintaining and expanding reserves with a long-term view to net production of 1 million barrels per day, substantially expanding net income and operating cash flow, and improving capital efficiency, we aim to grow by 2040 into one of the top 10 international oil companies in terms of production, reserves, earnings power and technical capabilities.」
The targets of 1 million barrels per day, 2040 and a top-10 ranking among international oil companies have been reiterated without change. - FY2018RaisedAnnual report
「Specifically, by maintaining and expanding reserves with a long-term view to net production of 1 million barrels per day, substantially expanding net income and operating cash flow, and improving capital efficiency, we aim to grow by 2040 into one of the top 10 international oil companies in terms of production, reserves, earnings power and technical capabilities.」
Compared with the previous goal of being a top-tier dedicated upstream company, a more ambitious target was established with specific figures and a deadline: 1 million barrels per day, 2040, and a ranking among the top 10 international oil companies. - FY2016First statedAnnual report
「Our Group aims to become one of the leading internationally competitive upstream companies by achieving sustainable growth in the oil and natural gas exploration and production business.」
International competitiveness and sustainable growth as a pure-play upstream company are explicitly identified as core management objectives.