Corporate week in brief: the Majors’ Q2 results beat expectations
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Report summary
Lead stories: Majors outperform expectations in the Q2 reporting season; large US producers stick with tight oil plans for now. Macro: Brent jumps 9%; oil and gas stocks buoyed by strong Q2 results. Companies: PTTEP hedges Malaysian LNG purchases with the acquisition of a stake in MLNG Train 9; PETRONAS cancels Pacific NorthWest LNG project – where does this leave the LNG portfolio? M&A: QEP sells tight gas and buys Permian tight oil. Exploration: Guyana resources close in on the 3 billion boe mark with ExxonMobil’s latest appraisal success.
What's included
This report contains
Table of contents
- Macro: Brent, oil and gas shares
- Lead stories: Q2 results update
- Companies: PTTEP, PETRONAS
- Exploration: Guyana
- M&A: QEP
Tables and charts
This report includes 3 images and tables including:
Images
- Changes to companies’ capital budgets announced this week
- Reported this week
- Corporate dashboard
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