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Oil Majors’ Earnings Disappoint on Shrinking Refining Margins
Fourth-quarter earnings significantly missed expectations, but they do not necessarily negate the broader improving trend for the oil majors.
Oil Majors Set for Big Profits in 2018, But Capex to Rise Only Slightly
The oil majors are expected to post $80 billion in organic free cash flow in 2018, but spending is expected to be modest.
Oil Majors Turn a Corner, Post Strong Profits in Q3
The oil majors are posting their best quarterly figures in years, an indication that they are adapting to the new price environment. After several years of spending cuts and rising debt, the largest integrated oil companies have turned a corner.
LNG Markets Remain Oversupplied, But Industry Confident for the Long Run
The glut of supply could last years, threatening to keep prices low until the 2020s, but the oil majors are playing the long game, expecting the demand for gas to grow substantially over time.
Brazil’s Offshore Sector Rebounds After Years of Disappointment
The promising results from Brazil's auction demonstrate that the country's offshore sector remains attractive even as the global oil industry has been hesitant to invest in big projects as a result of relatively low oil prices.
Aramco’s Market Power to Grow With Expansion of Trading Unit
Saudi Arabia’s plans to buy and sell third-party crude prompt concerns about how widely Aramco will expand its trading apparatus and how it will use its market power.
Earnings Show Small Cracks in U.S. Oil Industry
Independent producers are struggling to hit output targets at current price levels while the majors are focusing on becoming more efficient.
Will Argentina’s Shale Revolution Finally Begin?
The outlook for Argentina’s Vaca Muerta is arguably more positive than it has ever been, with some oil majors recently giving the go-ahead on big shale investments in the country.
Oil Majors Turn the Corner With First Quarter Profits
Oil majors may not be entirely out of the woods yet, but first-quarter performances suggest that they are on the upswing after nearly three years of mostly red ink.
Peak Demand Would Not Crash the Oil Industry
If oil demand were to peak, the industry would likely see a good bit of consolidation, but the situation would not bring about a collapse.