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for Oil Majors
Oil Sands Long-Term Growth Looks Increasingly Shaky as Majors Flee Alberta, Suncor Pivots
With existing production facing a stiff market, new oil sands projects might remain too risky for most companies. Suncor Energy’s strategy of handing over much of its cash flow to investors is a sign that oil sands face a rocky future.
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.
Oil Majors Look to Smaller, Shorter-Cycle Shale Drilling
Exxon and other oil majors are still giving the green light to a handful of complex and risky but potentially highly profitable projects offshore, while at the same time increasingly shifting more resources into safer, smaller-scale shale drilling.
Oil Majors Take Major Hits in Q4, But Worst May Be Over
Oil majors are now cash flow neutral with oil prices trading around $50 per barrel, a milestone achieved after relentless cuts to spending and payrolls over the past couple of years.
Shale and Deepwater to Lead Oil Industry Spending
After two years of seeing spending contract, the oil industry is poised to boost capex in 2017, but some warn that may not be enough to keep a shortfall from occurring in the future.
Despite Optimism, Oil Majors Hampered by Refining Margins, Higher Debt
Third quarter earnings figures for the oil majors reveal a mixed picture for the industry: Companies are dealing with more debt, weaker refining margins, and deeper spending cuts, but they are also experiencing increased optimism that the worst might be over.
SEC Investigation of ExxonMobil a Watershed Moment
Exxon has dismissed the probes of its accounting practices as unwarranted and politically motivated, but they could mark a watershed moment for the oil and gas industry.
Oil Majors Continue To Take On Debt to Pay Dividends
The second quarter saw a remarkable plunge in refining margins, taking away the one source of comfort for the integrated oil majors.
Oil Major Debt at Record Level as Companies Refuse to Cut Dividends
The oil majors are living off of yesterday’s discoveries, and choosing to pay shareholders at the expense of future growth.