Insight
Oil prices: corporate positioning at US$60/bbl
Report summary
The E&P sector has reacted rapidly and decisively to low prices. The portfolios of the sector’s top 50 companies now require US$72/bbl Brent to be cash flow neutral in 2015, down over US$20/bbl from our Mid-2014 dataset. Focused US unconventional players have reacted fastest, with cash flow breakevens falling 33%; International Independents have struggled to materially reduce their price requirements, and still average over US$100/bbl.
Table of contents
- The E&P sector has reacted rapidly and decisively to low prices.
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