This Big Oil Company Continues to Play It Safe Despite $75 Oil

Oct 26, 2018 · With oil prices more than double what they were two years ago, you would think companies would be champing at the bit to start new development projects. That isn't the case …

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This Big Oil Company Continues To Play It Safe Despite $75 Oil

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Oct 26, 2018 · With oil prices more than double what they were two years ago, you would think companies would be champing at the bit to start new development projects. That isn't the case …

yahoo.com

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This Big Oil Company Continues To Play It Safe Despite $75 Oil

2 weeks from now

Oct 26, 2018 · Oil prices have been on the rise and are now at around $80 per barrel outside the U.S. A drastic price increase like that would typically incent.

nasdaq.com

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Are Lower Oil Prices Jeopardizing Big Oil’s Shareholder Payouts?

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Oct 4, 2024 · But with oil below $80 per barrel in recent weeks and persistent concerns about global oil demand, analysts have started to question Big Oil’s ability to maintain their generous …

oilprice.com

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Big Oil Faces A ‘Good Sweating.’ Some Aren’t Fit - Bloomberg.com

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Sep 10, 2024 · If oil prices fell next year to an average of $75, the company’s own rule-of-thumb suggested a $4 billion shortfall. Currently, Brent for delivery next year is trading closer to $70 a …

bloomberg.com

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Oil Companies Are Profiting From High Prices. Should They Drill More?

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Mar 4, 2022 · Oil prices rose to $75 and everyone was happy. Russia is the world’s second-largest oil producer, so when Putin ordered troops to Ukraine traders, worried about losing …

houstonchronicle.com

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Big Oil’s Price Gouging Is Pulling In Big Profits - Jacobin

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Nov 3, 2022 · Three of the biggest oil and gas companies posted more than $40 billion in quarterly profits this week, as Americans’ pain at the pump from Big Oil’s price gouging …

jacobin.com

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Big Oil’s Future Could Be Smaller Than Its Past - Houston Chronicle

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Feb 6, 2021 · The big US oil company reported a fourth-quarter loss of $20.7 billion following huge write-offs. That took the company's loss for all of 2020 to $22.4 billion, compared with …

houstonchronicle.com

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Why Big Oil Is Scaling Back Renewables Investment

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Nov 20, 2024 · Norway’s Equinor is reviewing its renewables business, although it continues to bet big on offshore wind in the long term, evident in the recent acquisition of 9.8% in Ørsted, …

oilprice.com

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What Big Oil’s Bumper Profits Mean For The Energy Transition

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Feb 10, 2023 · Despite signing into law a $369bn package of clean energy subsidies and once promising to “transition from oil”, Biden spent much of the past year calling for shale oil and …

ft.com

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Big Oil Continues To Be Pushed Toward Greener Endeavors

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Jul 31, 2023 · 75.08 -2.22 -2.87%: Murban • 112 ... Big Oil Continues To Be Pushed Toward Greener Endeavors ... And despite that pressure, Big Oil has signaled a retreat from earlier …

oilprice.com

FAQs about This Big Oil Company Continues to Play It Safe Despite $75 Oil Coupon?

Why is BP the worst performing big oil stock this year?

The European majors have higher debt levels, allowing less room to maneuver. BP warned of rising net debt levels earlier this month despite already having the highest leverage ratio among its peers. The company is also the worst performing Big Oil stock this year, declining 13 per cent compared with a 2.3 per cent drop in crude. ...

Does big oil have a future?

Big Oil has seriously underperformed the overall market over the past year, and it’s not just because of the decline in oil prices. Investors are not convinced that oil companies—despite supplying essential products for today’s way of living such as gasoline, chemicals, fibers and what-not—have a future. ...

Are oil companies profitable currently?

Oil companies are currently extremely profitable and Wall Street firms generally prefer that the companies return those profits to investors—either through dividends or stock buybacks—rather than spend it on new projects. As oil prices rise, the profits that can be returned to investors will only grow. ...

Why are share buybacks a key part of big oil's strategy?

Share buybacks have become a cornerstone of Big Oil ’s strategy as the post- COVID-19 commodities rally spurred record profits and provided an opportunity to court investors betting against a fast energy transition. But with cash flow declining, those shareholder return pledges are now under strain. ...

Should oil prices remain high?

If oil prices remain high, at $100 per barrel, many oil executives in the Permian Basin, the West Texas oil field behind the fracking boom, can profitably drill a new well. According to data from the Dallas Fed, they can do so even if the U.S. benchmark is around $50 per barrel. ...

Should you buy back oil shares?

Borrowing to buy back shares isn’t uncommon in the oil business. It can boost equity returns when stock valuations are low, avoiding the cyclical buyback trap of only purchasing shares when prices are high. But a dimming outlook for oil prices next year means the cash shortfall is apt to continue over the longer term. ...