Mar 1, 2019

Apache Corporation Is Making The Right Moves

By Sarfaraz A. Khan

Apache Corporation will spend $2.4Bn in 2019 as upstream capital, lower than its previous forecast of $3Bn and down from $3.1Bn spent last year.

Sinopec May Have A Tough 2019

By Sarfaraz A. Khan

Sinopec’s profits jumped 22% in 2018 as it likely benefited from the 6% increase in the consumption of oil products in China, though its E&P earnings remained in the red. 

Feb 5, 2019

Anadarko Petroleum Misses 4Q18 Earnings Estimate But Promises Cash Flow Neutrality at $50 oil

By Eddie Gunn

Anadarko Petroleum has posted Q4-2018 earnings of $0.38 per share, missing analysts’ consensus earnings estimate by a wide margin of $0.23 per share, thanks in large part to weak prices and high costs.

BP CEO Expects Oil Market To Be "Firmer" in 2019

By Eddie Gunn

"It feels like the markets will be firmer," said BP CEO Bob Dudley during a CNBC interview on Tuesday when asked about his forecast for 2019. 

Exxon Mobil, Chevron, Shell, BP Post Solid Earnings

By Eddie Gunn

The big boys of the energy industry - Exxon Mobil Corp., Royal Dutch Shell, Chevron Corp., and BP Plc – have posted stellar earnings by smashing analysts’ consensus estimates which will ease investors’ concerns regarding sustainability of dividends and buybacks in a weak oil price environment.

Hess May Report More Losses, But A Turnaround Is Near

By Sarfaraz A. Khan

Hess Corporation delivered better-than-expected production and earnings in Q4-2018, but the company continues to lose money and burn cash flows. Hess could report additional losses and negative free cash flows in the coming quarters if oil prices stay weak.

Jan 3, 2019

Oil Price Estimates For 2019

By Eddie Gunn

Analysts have given varying estimates for oil prices for 2019. Forecasts for Brent crude mostly fall in a range of $68-$73 a barrel. The investment banks and the US Energy Information Administration see the US crude averaging around $59-$66 a barrel. 

Prices for the Brent and WTI averaged $71.40 and $65.18 a barrel respectively in 2018, as per data from the US EIA. 

Although the outlook appears bright, the commodity continues to face a number of headwinds ranging from trade war fears which can have a negative impact on oil demand and a surge in production from the US in the late-2019 as new pipelines are deployed in the Permian Basin. 

Further reading: CNBC