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Woodmac: industry cash flow breakevens down by $20/bbl with rapid strategic response Matt Zborowski

By: Zborowski, Matt
Subject(s): Empresas -- Gas | Empresas -- Petróleo | Industrias -- Flujo de caja | Precios bajos -- Petróleo In: Oil & gas journal Vol.113, No.5, 2015: página 48Abstract: Rapid and aggressive strategic response by oil and gas companies to low oil prices has driven industry cash flow breakevens down $20/bbl to $72/bbl, according to a recent analysis of Wood Mackenzie. If oil prices remain at current levels, further cuts would be required to achieve cash flow neutrality, WoodMac said. For some companies, this will mean selling assets, others may suspend or limit dividend and buyback programs. "Capital cost-cutting has been both rapid and in some cases dramatic. Individual companies have had one, two, and sometimes three bites at the cherry, and industry has for the time being settled on a 24%, or $126 billion, fall year-on-year. Dividends and share
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Holdings: Oil & gas journal Vol.113, No.5, 2015: página 48

Rapid and aggressive strategic response by oil and gas companies to low oil prices has driven industry cash flow breakevens down $20/bbl to $72/bbl, according to a recent analysis of Wood Mackenzie. If oil prices remain at current levels, further cuts would be required to achieve cash flow neutrality, WoodMac said. For some companies, this will mean selling assets, others may suspend or limit dividend and buyback programs. "Capital cost-cutting has been both rapid and in some cases dramatic. Individual companies have had one, two, and sometimes three bites at the cherry, and industry has for the time being settled on a 24%, or $126 billion, fall year-on-year. Dividends and share

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