Insight
Can balance sheets support growth?
*Please note that this report only includes an Excel data file if this is indicated in "What's included" below
Report summary
Net debt has shot up by 22% or US$142 billion since 2014 for the companies in our Corporate Service coverage. Average gearing is now 36%, with the Focused US Independents the most leveraged at 60%. But oil prices above US$54/bbl are required for a return to free cash flow generation over the next three years. Organic deleveraging will be slow and unevenly distributed even if oil prices recover to above US$60/bbl. Can the sector’s balance sheet support new growth strategies?
Table of contents
- Can balance sheets support growth?
Tables and charts
No table or charts specified
What's included
This report contains:
Other reports you may be interested in
Insight
Energy transition in Colombia: beyond the targets
How can Colombia strike a balance between addressing social inequalities, driving economic growth, and embracing the energy transition?
$1,350
Insight
Unlicensed carbon storage threatens Asia Pacific’s CCS growth
Carbon storage licensing can be the bottleneck in APAC. Discover which projects are storage-ready and stalled in our deep-dive report.
$1,250
Insight
What does the global oil market look like in 2019?
What's in store for the oil market in 2019? We consider OPEC behaviour, US tight oil production, global demand and geopolitical risk.
$1,350
