OEF Rapid Review Articles
Five of the largest publicly traded oil companies – BP, Chevron, Exxon Mobil, Royal Dutch Shell, and Total – are trying to work down debts that totaled $297 billion at the end of December. “For the entire oil and gas industry, balance sheets have never been worse,” said Fadel Gheit from Oppenheimer & Co. The industry is betting that prices will maintain a delicate balance – high enough to repair balance sheets and finance new projects, but not so high that it creates a new glut.
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Majors To Grow Output By A Combined 15% In Next Five Years
