Tag: oil companies

August 18, 2020

After the oil industry’s worst quarter in history, companies are taking a variety of approaches towards their finances, and getting a variety of advice and criticism from the pundits and media. Saudi Aramco’s decision to maintain its dividend has been […]

November 26, 2019

Trust is critical to all businesses. Without it, customers and investors take flight and profits tumble. When it comes to oil and gas, securing trust was once a relatively easy affair. On one hand, companies had to demonstrate that they […]

April 29, 2019

Oil companies face an existential threat unless they adopt business models that support the Agreement’s targets on climate change, according to investors with $10 trillion of assets under management. Yet many of those same investors are failing to practice what […]

February 22, 2019

Are oil executives in denial? It’s quite a conundrum. A diverse suite of stakeholders is increasingly agitating for a strategy and action for the energy transition, and a target-driven reduction in greenhouse gas emissions. Yet most companies plan to increase […]

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 […]

February 2, 2017

In most U.S. shale oil regions, energy firms are making strategic but cautious bets as the price of oil holds above $50 a barrel. Here in the Permian Basin of West Texas, the largest U.S. oil patch, the industry poured […]

October 17, 2016

Oil majors including Statoil, Shell and Chevron are experimenting with various technologies, from drones and drill design to data management, to drive down costs and weather a deep downturn. Crude prices have more than halved since mid-2014, forcing companies to […]

August 18, 2016

Persistently low oil prices have had a devastating effect on the economies of all major oil producers/exporters who are accustomed to a price regime of over $100/b. The lifting of sanctions on Iran and its ability to quickly ramp up […]

May 27, 2016

The past year hasn’t been kind to oil and gas companies, as sliding oil prices have eaten sharply into bottom lines and caused layoffs and bankruptcies across the industry. However, the titans of energy are still standing tall, even as their businesses are pressured. ExxonMobil […]

May 18, 2016

The last two weeks have seen two Big Oil firms move into energy storage as continuing low prices for crude force petroleum sector players to diversify. On Monday 9 May French oil giant Total announced a friendly takeover of Saft […]