Oil companies' cost reductions now starting to show
A rising oil price and large-scale cost reductions have significantly boosted earnings at oil companies such as Statoil, Shell, and Aker BP in the first quarter. Several of these firms are now gearing up to invest, but the good old days will never return, projects Nordea Markets.
BY NIKLAS KRIGSLUND, SHIPPINGWATCH
The past two weeks have brought interim reports from oil companies showing that the arrow seems to now be pointing in the right direction for the hard-pressed sector.
Already a subscriber?Log in here
Read the whole article
Get access for 14 days for free. No credit card is needed, and you will not be automatically signed up for a paid subscription after the free trial.
With your free trial you get:
- Access all locked articles
- Receive our daily newsletters
- Access our app
Get full access for you and your coworkers
Start a free company trial todayRelated articles:
Dong ends Hejre dispute with DKK 0.9 billion settlement
For subscribers
Statoil thirsty for renewable investments as oil improves
For subscribers
Shell books "strong first quarter"
For subscribers
