Doug Terreson is the former Head of Energy Research at Evercore ISI and Morgan Stanley, where he covered the Integrated Oil, E&P, and R&M sectors. In this role, he was also responsible for the firm’s global forecast for crude oil, refined product commodities, and Energy Portfolio Strategy.
Over his career, Doug consistently ranked as the #1 or #2 Integrated Oil analyst in the Institutional Investor poll for 20 years and was a member of the All-America Research (II) team 24 times. He authored several notable reports, including “The Era of the Super-Major” (1998), “Higher for Longer” (Crude Oil, 2000), “The Golden Age of Refining” (R&M, 2003), “The Pledge for Greater Capital Discipline and Enhanced Corporate Governance” (2015), and “Time to Lean In” (2020).
Doug was the lead analyst on some of the largest Energy IPOs in North America (Conoco), Europe (Statoil-Equinor), and Asia (Sinopec). He was also involved in major mergers, including BP-Amoco, BP-Arco, Chevron-Texaco, Phillips-TOSCO, Conoco-Phillips, Chevron-Unocal, Total-Fina, Total-Elf, and YPF-Repsol.
Before leading the Global Energy Group at Evercore ISI and Morgan Stanley, Doug managed Putnam’s energy mutual fund in Boston, which was one of the largest Energy funds globally. His early career began as an engineer with Schlumberger Limited on the US Gulf Coast.
Doug holds a bachelor’s degree in petroleum engineering from Mississippi State University, an MBA from Rollins College, and is a Chartered Financial Analyst (CFA). He currently serves as a Director at Phillips66, Third Gear Energy Fund, and Mississippi State University Boards.
