Insight
Corporate themes from the Q3 2015 results
This report is currently unavailable
*Please note that this report only includes an Excel data file if this is indicated in "What's included" below
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.
Table of contents
- Corporate themes from the Q3 2015 results
Tables and charts
No table or charts specified
What's included
This report contains:
Other reports you may be interested in
Asset Report
West Musgrave copper project
A detailed analysis of the West Musgrave copper project.
$2,250
Asset Report
Myra Falls copper mine
A detailed analysis of the Myra Falls copper mine.
$2,250
Asset Report
Shituru SxEw copper mine
A detailed production, commercial and competitive analysis of the Shituru SxEw copper mine.
$2,250
