| |
6 Pages

Low oil prices: an opportunity to downsize Downstream?

Low oil prices: an opportunity to downsize Downstream?

Report summary

The refining segment supported the earnings of integrated majors during the recent decline in oil price.  In a low oil price environment, the capability of European integrated majors to withstand losses from their Downstream sector is materially impaired, which could prompt the rationalisation of weak, stand-alone refining assets.

What's included?

This report includes 1 file(s)

  • Low oil prices: an opportunity to downsize Downstream? PDF - 340.30 KB 6 Pages, 0 Tables, 4 Figures


This Refining and Oil Products Insight report highlights the key issues surrounding this topic, and draws out the implications for those involved.

For participants, suppliers and advisors who want to look at the trends, risks and issues of this topic, this report gives you an alternative point of view to help inform your decision making.

With over 20 years of experience in the refining industry, Wood Mackenzie is a trusted global leader with a reputation for producing consistently reliable information.

Our senior analysts are based in the markets they analyse. They use detailed research data to forecast, benchmark and recognise trends that will help both new and existing participants identify opportunities and avoid risks.

  • Role of Downstream
  • Changing Upstream Positions

In this report there are 4 tables or charts, including:

  • Role of Downstream
    • Figure 1: Historical Brent FCC Gross Refining Margins
    • Figure 2: European 2013 Net Cash Margin Profile (US$/bbl)
    • Figure 3: Refinery Quartile position of European Integrated Majors
  • Changing Upstream Positions
    • Figure 4: Brent price required to maintain current net debt levels 2015 – 2016
Requester's name : .............
Department : .............
Authoriser's Name : .............
Authoriser's signature : .............
Date : .............
Cost Centre : .............

Questions about this report?

Frequently Asked Questions
  • Europe: +44 131 243 4699
  • Americas: +1 713 470 1900
  • Asia Pacific: +61 2 8224 8898
contact us

Why Wood Mackenzie?

Wood Mackenzie, a Verisk Analytics business, has been a trusted source of commercial intelligence for the world's natural resources sector for more than 40 years, empowering clients to make better strategic decisions with objective analysis and advice.

We work across every sector of oil, gas, power, renewables, chemicals, metals and mining, covering more than 150 countries. Our proprietary data and models are at the core of everything we do, ensuring our independent asset and company valuations are thoroughly robust and that we offer an accurate forward-looking view of economic indicators such as market supply, demand and price trends.

Our 500+ analysts are based in the regions they cover, cultivating an unrivalled depth of understanding to help clients accurately identify new opportunities, define their strategy and improve business performance.

At every stage, our teams readily collaborate and share their insight to provide an integrated perspective across entire industries. It is this unique and rigorous analytical approach that ensures we are recognised as the industry standard by the world’s most innovative organisations.