Barrels of Oil Equivalent

Barrels of Oil Equivalent (BOE) is a unit used to compare and sum up different forms of energy resources, like oil, natural gas, and others, using a common measure. Since these energy sources have different sizes and energy contents, BOE converts them into a single unit by expressing the energy amount as if it were derived from a standard barrel of oil. This allows companies and analysts to easily assess the total energy production, reserves, or consumption across various fuels in a consistent way. Essentially, BOE helps provide a clear picture of overall energy assets regardless of the specific type of resource.