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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