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Corporate week in brief: Major divergence seen in Q1 results
Report summary
Diverging strategies saw the Majors deliver mixed results. Both Chevron’s and Total’s production surged, and Q1 earnings were well ahead of expectations – in contrast to ExxonMobil. Eni highlighted strong production growth, while Statoil and Shell remained cautious on shareholder distributions. Find out more about this, and the following stories: Brent continues to ride high on geopolitical tensions; oil and gas stocks broadly positive. Majors divergent strategies feed through into Q1 results. More Q1 results: ConocoPhillips and Hess deliver on shareholder distributions; Asian NOCs boosted by higher prices; Canadian companies throttle back production. Shell sanctions Vito – we take a look at the economics. Eni drills dry hole in Morocco. Large caps exit deepwater GoM’s Shenandoah. Total and Google team up on sub-surface A.I.
Table of contents
- Macro: oil prices, oil and gas shares
- Lead story: Majors' results
- Companies: COP, Hess, Asian NOCs, Cenovus, Husky, Shell
- Exploration: Dry hole for Eni in Moroccan deepwater
- M&A: Large caps exit former GoM hope
- Digitalisation: Total and Google target A.I.
Tables and charts
This report includes 3 images and tables including:
- Majors Average Net Income
- Majors share price evolution
- Data Dashboard
What's included
This report contains:
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