• 4 minutes Trump will meet with executives in the energy industry to discuss the impact of COVID-19
  • 8 minutes Charts of COVID-19 Fatality Rate by Age and Sex
  • 11 minutes Why Trump Is Right to Re-Open the Economy
  • 13 minutes Its going to be an oil bloodbath
  • 4 hours While China was covering up Covid-19 it went on an international buying spree for ventilators and masks. From Jan 7th until the end of February China bought 2.2 Billion masks !
  • 45 mins Ten days ago Trump sent New York Hydroxychloroquine. Being administered to infected. Covid deaths dropped last few days. Fewer on ventilators. Hydroxychloroquine "Cause and Effect" ?
  • 6 mins US Shale Resilience: Oil Industry Experts Say Shale Will Rise Again
  • 9 hours China Takes Axe To Alternative Energy Funding, Slashing Subsidies For Solar And Wind
  • 7 hours Real Death Toll In CCP Virus May Be 12X Official Toll
  • 7 hours Marine based energy generation
  • 11 hours Today 127 new cases in US, 99 in China, 778 in Italy
  • 6 hours What If ‘We’d Adopted A More Conventional Response To This Epidemic?’
  • 7 hours How to Create a Pandemic
  • 8 hours Apple to Bypass Internet and Beam Directly to Phones
  • 14 hours Which producers will shut in first?
  • 23 hours TRUMP pushing Hydroxychloroquine + Zpak therapy forward despite FDA conservative approach. As he reasons, "What have we got to lose ?"

Are The Oil Majors Undervalued?

Exxon

Friday May 4, 2018

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. Earnings for oil majors up sharply, but Wall Street skeptical

(Click to enlarge)

- The oil majors posted an enormous improvement in earnings, some of them posted their largest profits in years.
- But Wall Street is still skeptical. Even as oil prices have rallied sharply, the majors have barely seen improvement in their share prices. ExxonMobil (NYSE: XOM) has actually posted losses since the fourth quarter of 2017, even though oil prices are now at a three-year high.
- Investors are now wary of high spending levels, which is likely why Exxon has been singled out. Exxon has aggressive spending plans over the next decade in order to grow production. The company’s output dipped by 6 percent in the first quarter compared to a year earlier.
- Still, investment banks keep telling their clients that the oil majors present a huge investment opportunity, with share prices beaten down so much.

2. Exxon stepping up shale drilling

(Click to enlarge)

- With Exxon’s conventional production suffering from some declines in recent years, the oil supermajor is betting on U.S. shale to help revive output.
-…




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