Top

Oil majors to remain resilient despite market volatility, S&P Global Ratings says

December 13, 2018

While crude exporting countries worry about bearish forecasts for energy markets, the big oil supermajors can withstand fluctuating oil prices in the coming year, one ratings agency says.

Cost cuts in the industry from previous years and promising cash flow potential mean the world’s largest publicly traded international oil companies (IOCs) — Exxon, Shell, Chevron, BP, Eni and Total — needn’t worry even if oil falls to $50 a barrel, according to S&P Global Ratings.

Read More on CNBC energy