I still reckon that oil wont f

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395c0d31
2022-02-11

I still reckon that oil wont fair as well as inflationary pressures get lifted over time.

Big Oil Is Pumping Out Cash as If $100 Oil Has Already Arrived

Free cash flow highest since 2008 for the five supermajorsIndustry’s lower spending means more money

Big Oil Is Pumping Out Cash as If $100 Oil Has Already Arrived

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RubyPulitzer
·2022-02-12
The Fed's rate hikes caused the U.S. dollar to spike relative to currencies in the developing world. It is the developing countries that are ultimately punished.
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- ladyman:
  The United States will throw its own crisis to developing countries.
  2022-02-12
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BecauseOfYou
·2022-02-12
If the price of oil goes up again, I'll have to go to work by bus.
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- RodBeard:
  Why not buy an electric car?
  2022-02-12
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maroketo
·2022-02-12
Oil is the best asset against inflation. Oh, my god.
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Crude isn’t that high yet, but spending is much lower, meaning there’s more money to return to investors.</p><p>“Over the past decade, oil and gas companies have had to trim the fat,” said Laura Hoy, an equity analyst at Hargreaves Lansdown. These leaner firms are benefiting the most from the current rally, especially as “elevated oil prices look like they’re here to stay.”</p><p><img src=\"https://static.tigerbbs.com/cb7ca8ca10480b7619ffa7bc7cdfde16\" tg-width=\"958\" tg-height=\"533\" width=\"100%\" height=\"auto\"/></p><p>The five supermajors mostly surpassed analyst expectations for fourth-quarter earnings, reporting combined free cash flow of $37 billion, when Brent crude averaged almost $80 a barrel. That compares to $40 billion in the first quarter of 2008, when the average was $96.</p><p>Their adjusted net income also soared to $31 billion, the highest quarter in more than 9 years.</p><p>It’s quite a u-turn for an industry that was enduring ballooning debt and crashing commodity prices as the coronavirus pandemic unfolded in 2020. At the end of that year, the five majors together lost almost $19 billion.</p><p>Yet companies spent much of 2020 aggressively cutting costs, announcing tens of thousands of layoffs and in some cases slashing dividends. That positioned them well for 2021, when the slump turned into a remarkable rally.</p><p>The outlook this year also looks bullish. Demand is increasing but supply remains “rather constrained” after years of under-investment, according to TotalEnergies’ Chief Executive Officer Patrick Pouyanne.</p><p>“You could see a world where, because of a lack of investment, even though the energy transition is accelerating oil prices are much, much higher,” said BP CEO Bernard Looney.</p><p>All five firms are holding the line on spending, with only relatively small increases in budgets for the year. Exxon and Chevron will boost investment in shale production in the Permian Basin, but this will largely offset production declines elsewhere in their portfolios. For BP, incremental spending will mostly be directed at low-carbon businesses.</p><p>That means more surplus cash for investors.</p><p>“We see plenty of room to increase shareholder distributions from current levels if commodity strength persists,” said RBC’s Co-Head of European Energy Research Biraj Borkhataria.</p></body></html>","source":"lsy1584095487587","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Big Oil Is Pumping Out Cash as If $100 Oil Has Already Arrived</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nBig Oil Is Pumping Out Cash as If $100 Oil Has Already Arrived\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-02-11 14:26 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/articles/2022-02-11/big-oil-is-pumping-out-cash-as-if-100-oil-has-already-arrived?srnd=premium><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Free cash flow highest since 2008 for the five supermajorsIndustry’s lower spending means more money for investorsThe world’s oil supermajors are pumping out cash as if crude was already trading at $...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2022-02-11/big-oil-is-pumping-out-cash-as-if-100-oil-has-already-arrived?srnd=premium\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"TTE":"道达尔","XOM":"埃克森美孚","RDS.A":"荷兰皇家壳牌石油A类股","BP":"英国石油","TTFNF":"TotalEnergies SE ","CVX":"雪佛龙"},"source_url":"https://www.bloomberg.com/news/articles/2022-02-11/big-oil-is-pumping-out-cash-as-if-100-oil-has-already-arrived?srnd=premium","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1161385016","content_text":"Free cash flow highest since 2008 for the five supermajorsIndustry’s lower spending means more money for investorsThe world’s oil supermajors are pumping out cash as if crude was already trading at $100 a barrel.BP Plc, Shell Plc, TotalEnergies SE, Exxon Mobil Corp. and Chevron Corp. just generated the highest free cash flow since the start of 2008 -- when oil first climbed above $100 a barrel. Crude isn’t that high yet, but spending is much lower, meaning there’s more money to return to investors.“Over the past decade, oil and gas companies have had to trim the fat,” said Laura Hoy, an equity analyst at Hargreaves Lansdown. These leaner firms are benefiting the most from the current rally, especially as “elevated oil prices look like they’re here to stay.”The five supermajors mostly surpassed analyst expectations for fourth-quarter earnings, reporting combined free cash flow of $37 billion, when Brent crude averaged almost $80 a barrel. That compares to $40 billion in the first quarter of 2008, when the average was $96.Their adjusted net income also soared to $31 billion, the highest quarter in more than 9 years.It’s quite a u-turn for an industry that was enduring ballooning debt and crashing commodity prices as the coronavirus pandemic unfolded in 2020. At the end of that year, the five majors together lost almost $19 billion.Yet companies spent much of 2020 aggressively cutting costs, announcing tens of thousands of layoffs and in some cases slashing dividends. That positioned them well for 2021, when the slump turned into a remarkable rally.The outlook this year also looks bullish. Demand is increasing but supply remains “rather constrained” after years of under-investment, according to TotalEnergies’ Chief Executive Officer Patrick Pouyanne.“You could see a world where, because of a lack of investment, even though the energy transition is accelerating oil prices are much, much higher,” said BP CEO Bernard Looney.All five firms are holding the line on spending, with only relatively small increases in budgets for the year. Exxon and Chevron will boost investment in shale production in the Permian Basin, but this will largely offset production declines elsewhere in their portfolios. For BP, incremental spending will mostly be directed at low-carbon businesses.That means more surplus cash for investors.“We see plenty of room to increase shareholder distributions from current levels if commodity strength persists,” said RBC’s Co-Head of European Energy Research Biraj Borkhataria.","news_type":1},"isVote":1,"tweetType":1,"viewCount":115,"commentLimit":10,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"symbols":[],"verified":2,"subType":0,"readableState":1,"langContent":"EN","currentLanguage":"EN","warmUpFlag":false,"orderFlag":false,"shareable":true,"causeOfNotShareable":"","featuresForAnalytics":[],"commentAndTweetFlag":false,"upFlag":false,"length":74,"xxTargetLangEnum":"ORIG"},"commentList":[{"id":100512583,"gmtCreate":1644667058739,"gmtModify":1663243680345,"authorId":9000000000000405,"author":{"id":9000000000000405,"authorId":9000000000000405,"name":"RubyPulitzer","avatar":"https://static.tigerbbs.com/82edc4968feb7c0c481f5ad38d9a498b","vip":8,"crmLevel":1,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":9092158840,"type":1,"supId":0,"prevId":0,"content":"The Fed's rate hikes caused the U.S. dollar to spike relative to currencies in the developing world. It is the developing countries that are ultimately punished.","text":"The Fed's rate hikes caused the U.S. dollar to spike relative to currencies in the developing world. It is the developing countries that are ultimately punished.","html":"The Fed's rate hikes caused the U.S. dollar to spike relative to currencies in the developing world. It is the developing countries that are ultimately punished.","likeSize":1,"commentSize":1,"subComments":[{"id":100512592,"gmtCreate":1644667099974,"gmtModify":1663243680837,"authorId":3479274804085724,"author":{"id":3479274804085724,"authorId":3479274804085724,"name":"ladyman","avatar":"https://static.laohu8.com/picture161","vip":8,"crmLevel":1,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":9092158840,"type":1,"supId":100512583,"prevId":0,"content":"The United States will throw its own crisis to developing countries.","text":"The United States will throw its own crisis to developing countries.","html":"The United States will throw its own crisis to developing countries."}],"verified":10,"allocateAmount":0,"commentType":"valid","coins":0,"score":0},{"id":100512598,"gmtCreate":1644667147232,"gmtModify":1663243680538,"authorId":3479274781436276,"author":{"id":3479274781436276,"authorId":3479274781436276,"name":"BecauseOfYou","avatar":"https://static.laohu8.com/picture117","vip":8,"crmLevel":1,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":9092158840,"type":1,"supId":0,"prevId":0,"content":"If the price of oil goes up again, I'll have to go to work by bus.","text":"If the price of oil goes up again, I'll have to go to work by bus.","html":"If the price of oil goes up again, I'll have to go to work by bus.","likeSize":1,"commentSize":1,"subComments":[{"id":100512602,"gmtCreate":1644667175972,"gmtModify":1663243679430,"authorId":9000000000000408,"author":{"id":9000000000000408,"authorId":9000000000000408,"name":"RodBeard","avatar":"https://static.tigerbbs.com/af002b44e35ebf40cafbbaf194de9c06","vip":8,"crmLevel":1,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":9092158840,"type":1,"supId":100512598,"prevId":0,"content":"Why not buy an electric car?","text":"Why not buy an electric car?","html":"Why not buy an electric car?"}],"verified":10,"allocateAmount":0,"commentType":"valid","coins":0,"score":0},{"id":100512571,"gmtCreate":1644666978111,"gmtModify":1663243681641,"authorId":3479274779734729,"author":{"id":3479274779734729,"authorId":3479274779734729,"name":"maroketo","avatar":"https://static.laohu8.com/picture113","vip":8,"crmLevel":1,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":9092158840,"type":1,"supId":0,"prevId":0,"content":"Oil is the best asset against inflation. Oh, my god.","text":"Oil is the best asset against inflation. Oh, my god.","html":"Oil is the best asset against inflation. Oh, my god.","likeSize":1,"commentSize":0,"subComments":[],"verified":10,"allocateAmount":0,"commentType":"valid","coins":0,"score":0}],"hasMoreComment":true,"orderType":2}