Oil & Gas Cash Flow Hits All-Time High
The world’s publicly listed oil and gas companies are bringing in cash at the best rate ever witnessed even though oil prices have only partially recovered from the huge drop suffered in 2014 and 2015, according to Rystad Energy.
Free cash flow for public exploration and production (E&P) companies skyrocketed last year to almost $300 billion, marking the return of the “super profit” for industry majors. For these players, 2019 could turn out to be another blockbuster year.
“The fact that E&P companies are able to deliver the same shareholder returns despite much lower oil prices points to an impressive increase in profitability,” says Espen Erlingsen, Head of Upstream Research at Rystad Energy.
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