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The Majors: Q4 2014 results and responding to low oil prices

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Report summary

A tough quarter for the Majors as low oil prices began to bite with all eyes on their response. Considerable progress was made in driving down cash flow breakevens but the peer group still needs an oil price of US$77/bbl to achieve cash flow neutrality in 2015. Strategies are already becoming polarised and will continue to evolve during the year as the Majors fully digest the impact of a low oil price environment.

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  • Document

    The Majors Responding to low oil prices February 2015.pdf

    PDF 1000.27 KB

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