Corporate week in brief: will US tight oil players back off growth in their Q3 results?
Q3 results preview: strengthening financials; free cash flow and shareholder distributions a key theme; will a shift towards value mean lower production growth for the US tight oil players? Macro: Brent nudges up on Iraq tensions; oil and gas shares suffer some profit taking. Companies: Oil Search's production surges on stellar performance from PNG LNG; Woodside's Q3 production slips but start-up of Wheatstone LNG will drive a new phase of growth; Chevron sanctions innovative EOR project in the UK; Statoil takes the lead in offshore floating wind. M&A: Cenovus continues with the swift execution of its US$4 billion asset sales programme; BP's IPO of its US midstream MLP could raise US$0.9 billion; ExxonMobil expands Permian tight oil infrastructure.
Table of contents
Macro: oil prices, oil and gas shares
Q3 results preview – ExxonMobil, Chevron, Total, Eni, Statoil, ConocoPhillips and Hess among those reporting this week.