BP Is Most-Exposed Among Oil Majors to OPEC-Russia Cuts
Big Oil may have to play a part in cutting supply after the landmark agreement between OPEC and non-OPEC producers last week. BP Plc has the highest exposure in the Continue Reading
Big Oil Earnings To Explode In 2017
The energy sector has been outperforming other sectors among the S&P 500 companies this year, with a gain of 21.79 percent year to date. Now the question is whether or Continue Reading
Oil companies shoulder pain of downturn with lower output
The world’s listed oil companies have slashed oil output by 2.4 percent so far this year during one of the industry’s worst downturns as OPEC battles to agree on its Continue Reading
Big Oil Slipped ‘Poison Pill’ as Norway Seeks to Limit Exodus
As one oil major after the other considers leaving Norway, the alarm bells are sounding at the country’s Petroleum and Energy Ministry. Officials warned companies this month that they could Continue Reading
Big Trouble At ExxonMobil
IEA OMR came out yesterday (summary only – have to wait two weeks for full details for free). It looks like this month (Nov.) will probably be a new global Continue Reading
Big Trouble At ExxonMobil
END OF THE U.S. MAJOR OIL INDUSTRY ERA: Big Trouble At ExxonMobil The era of the mighty U.S. major oil industry is coming to an end as the country’s largest Continue Reading
ConocoPhillips Aims To Sell Up To $8 Billion In Gas Assets
ConocoPhillips will sell up to $8 billion in natural gas assets and trim its capital budget by 4% next year to provide funds to bolster operations. Nov 10 (Reuters) – Continue Reading
Big Oil Looks Past Profit Crunch as Cash Flow Shows Recovery
Majors see cash from operations rise three quarters in a row Trend to continue in 2017 as crude prices recover, Fitch says Ask any oil-company accountant, “what’s the difference between Continue Reading
Eni to BP CEOs Limit Oil Spending for 2017 to Cope With Glut
The biggest international oil companies are reining in capital spending for 2017 and possibly longer as they try to squeeze profits from a crude market battered by a global glut. Continue Reading
Will Oil Majors Ever Recover?
The oil majors began reporting their third quarter earnings in recent days, and the figures do not look good. The three-month period ending in September saw oil prices sink to Continue Reading