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The 10 Largest U.S. Oil Producers

August 9, 2016

Via: Forbes

Second quarter earnings are now in for most U.S. oil and gas producers. Oil prices that increased by about $15/barrel (bbl) for most producers helped push free cash flow (FCF) back into the black during Q2 for many major oil and gas producers.

FCF is a measure of the amount of cash generated by a company that is available for reinvestment or distribution to shareholders. It is generally calculated from a company’s net income, adding back depreciation and amortization (because those non-cash costs relate to historical expenditures), adjusting for impairments to oil and gas properties (those non-cash impairments are applied against net income but not cash flow) and then subtracting interest paid, changes in working capital and capital expenditures.

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