• 4 minutes Your idea of oil/gas prices next ten years
  • 7 minutes WTI Heading for $60
  • 13 minutes Could EVs Become Cheaper than ICE Cars by 2023?
  • 1 day Pence says South China Sea Doesn't Belong To Any One Nation
  • 3 hours Is California becoming a National Security Risk to the U.S.?
  • 2 days Anyone holding Nvidia stock?
  • 17 hours Why does US never need to have an oil production cut?
  • 1 day Germany Discusses Lifting Ban on Deporting Syrians
  • 10 hours US continues imports of Russian gas which it insists Europe should stop buying
  • 2 days UK Power and loss of power stations
  • 2 mins Pros and Cons of Coal
  • 4 hours Trump administration slaps sanctions on Saudis over Khashoggi's death
  • 2 days I Believe I Can Fly: Proposed U.S. Space Force Budget Could Be Less Than $5 Billion
  • 2 days China Claims To Have Successfully Developed a Quantum Radar That Can Detect 'Invisible' Fighter Jets
  • 2 days A Sane Take on Nord Stream 2
  • 20 hours Commission: U.S. Could Lose Wars With Russia, China

A New Era In The Oil Industry

Shale

Friday November 3, 2017

In the latest edition of the Numbers Report, we’ll take a look at some of the most interesting figures put out this week in the energy sector. Each week we’ll dig into some data and provide a bit of explanation on what drives the numbers.

Let’s take a look.

1. Oil majors covering dividends

(Click to enlarge)

- BP (NYSE: BP) posted about $1.8 billion in earnings in the third quarter, twice as much as the same quarter in 2016.
- The results allowed the British oil giant to cover both its spending and its dividends with cash flow, a remarkable turnaround from the company that was piling on debt for much of the past three years.
- BP says it can breakeven at roughly $47 per barrel. It also announced an end of its scrip dividend program, as well as the introduction of share buybacks as a way of rewarding investors.
- Other oil majors posted similar numbers – many of them are able, or close to being able, to cover their dividends with cash flow.

2. Anadarko offers a way forward

(Click to enlarge)

- Growing oil production as fast as possible is out, and giving your extra cash to shareholders is in. Anadarko Petroleum (NYSE: APC) announced in September that it would spend $2.5 billion on share buybacks, which led to a spike in its share price.
- That puts Anadarko at “the vanguard” of shale companies who are focusing on a shift in strategy…

To read the full article

Please sign up and become a premium OilPrice.com member to gain access to read the full article.

RegisterLogin

Trending Discussions




Oilprice - The No. 1 Source for Oil & Energy News
-->