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Rising financial pressures – Q2 earnings were down sharply and gearing rose from 36% to 39% - have contributed to the departure of one leading CEO. Operational results in contrast were strong across the sector with progress on cutting costs yet to hit volumes; production was up 4% year-on-year, and 13 players delivered double digit growth. But life will get tougher still if current low prices persist – just one company is cash flow positive at US$50/bbl Brent in 2016.
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This report includes 2 file(s)
Themes from Q2 2015 results.pdf PDF - 814.98 KB
Q2 2015 Results Summary Data.xls XLS - 279.50 KB
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This Upstream Oil and Gas Insight report highlights the key issues surrounding this topic, and draws out the key implications for those involved.
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Insight | Aug 2015
Corporate themes from the Q2 2015 results
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