Corporate week in brief: BP and Shell’s Q1 earnings soar
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Report summary
Lead stories: Euro Majors’ earnings beat market expectations; US Independents poised for production ramp-up and unveil progress on early-life plays. Macro: Brent falls below US$50/bbl; Statoil leads Euro Majors’ shares up but widespread profit taking elsewhere. M&A: Noble exits US Northeast gas play in US$1.2 billion deal; Devon also targeting gas in US$1 billion asset sales programme; Petrobras provides more details on disposal plans. Exploration: Anadarko announces new discoveries in the Gulf of Mexico and Colombia; Total moves into Senegal’s high potential exploration sector.
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- Macro: Brent, oil and gas shares
- Lead stories: BP, Shell and Statoil’s Q1 results, US Independents
- M&A: Devon, Noble
- Exploration: Anadarko, Total
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