Insight
Corporate week in brief: rising costs weigh on Tight Oil Inc.
Report summary
Higher oil prices are good for shale players, right? Yes, but for two complicating factors – cost inflation and hedging. Both weighed on US Independents' Q1 results last week, with a ramp-up in drilling putting upward pressure on costs, and derivative losses impacting most of the sector. More on this, and the following stories: Rosneft increases shareholder distributions; welcomes QIA as its third largest shareholder; BP reports strong Q1 results; Marathon picks up acreage in Louisiana Section of the Austin Chalk play; Santos sells non-core Asian assets; Statoil highlights progress on carbon and renewables; Marathon Petroleum / Andeavor to create the US' largest refiner.
Table of contents
- Macro: oil prices, oil and gas shares
- Lead story: US E&P Q1 results
- Companies
- M&A
- Energy transition
Tables and charts
This report includes 1 images and tables including:
- Change in share price during the week of April 30 through May 4
What's included
This report contains:
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