International independents financial health-check

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Report summary

As a follow-up to our US Independents: How strong, for how long? insight, we have taken a snapshot of the financial health of the International Independents. Like their US counterparts, we believe the international players have sufficient near-term financial headroom for the near-term. But some in the peer group are already financially stretched and further investment cuts are expected in order to protect balance sheets if low oil prices persist.

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    International independents financial health-check.pdf

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