Insight
Corporate week in brief: upstream M&A building steam
Report summary
Q4 2016 earnings: Shell and ExxonMobil's Q4 earnings come in below expectations, but strategies on track; Anadarko to increase drilling activity and alert for bolt-on M&A following deleveraging progress; ConocoPhillips ups dividend and initiates share buybacks. Macro: Wood Mackenzie lowers 2018 Brent forecast; profit-taking and rotational selling of oil and gas shares continues. Companies: Premier agrees refinancing terms. M&A: Shell now over one third of the way to its US$30 billion disposal target; KUFPEC takes advantage of the Majors' asset sales programmes. Exploration: Statoil makes another incremental discovery in Norway, but latest Johan Sverdrup appraisal fails to increase resource estimates.
Table of contents
- Macro: oil prices, oil and gas shares
- Q4 2016 earnings: Shell, ExxonMobil, Anadarko, ConocoPhillips
- Companies: Premier
- M&A: Shell, Total, Kufpec
- Exploration: Statoil
Tables and charts
This report includes 1 images and tables including:
- Corporate Dashboard
What's included
This report contains:
Other reports you may be interested in
16 January 2017
ExxonMobil’s double strike offshore Guyana: Corporate week in brief
Insight
ExxonMobil’s double strike offshore Guyana: Corporate week in brief
We analyse ExxonMobil’s latest exploration success in Guyana, a bumper week for 2017 capital budgets and a flurry of M&A.
$70009 January 2017
New year, renewed positivity, as companies look to adapt and grow: Corporate week in brief
Insight
New year, renewed positivity, as companies look to adapt and grow: Corporate week in brief
New year, renewed positivity, with the sector making moves in exploration, M&A and discovered resource access.
$70012 February 2018
Corporate week in brief: shareholder distributions make a come back
Insight
Corporate week in brief: shareholder distributions make a come back
We look at US$10 billion of dividend increases and buybacks, last week's Q4 results, Eni's gas discovery in Cyprus and the latest M&A.
$700
