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Corporate themes from the Q3 2015 results


Corporate themes from the Q3 2015 results

Report summary

Financial performance in Q3 was hit by a 50% slump in oil prices year-on-year. A further US$60 billion in impairments contributed to weak earnings and rising gearing, underlining the severe pressure that the oil and gas sector is under at US$50/bbl. But it was a strong quarter for production growth, with 16 players delivering double digit increases despite 2015 spend being down an average of 31% year-on-year. Oil and gas companies are also making real progress in reshaping their investment strategies for a sustained period of low prices; the Supermajors are on track to fund dividends organically in a US$60/bbl world, while the Independents continue to use all levers available to balance the books. Corporate M&A is back on the agenda and we also expect opportunities to emerge to reload conventional exploration portfolios.

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  • Corporate Themes from Q3 2015 results November 2015.pdf PDF - 908.21 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.

This report helps participants, suppliers and advisors understand trends, risks and issues within the upstream oil and gas industry. It gives you an expert point of view to support informed decision making.

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  • Corporate themes from the Q3 2015 results
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