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Moody’s Corp.

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About

Moody's is an essential component of the global capital markets, providing credit ratings, research, tools and analysis that contribute to transparent and integrated financial markets. Moody's Corporation (NYSE: MCO) is the parent company of Moody's Investors Service, which provides credit ratings and research covering debt instruments and securities, and Moody's Analytics, which offers leading-edge software, advisory services and research for credit and economic analysis and financial risk management. The Corporation, which reported revenue of $4.2 billion in 2017, employs approximately 12,300 people worldwide and maintains a presence in 42 countries.

News

The Financial Tightrope: Balancing Buybacks and Debt

Despite blowback, particularly from politicians, companies continue to balance debt repayment with rewarding shareholders.

Investors Remain Bearish on TC Energy Deal to Sell Pipeline Interests

Canada’s TC Energy is seen to have sold equity in the premium asset to offset $60 billion in debt, leading to a slide in stock prices.

Moody’s: Upstream Capex to Rise 10% to 15% in 2023

Moody’s Investor Service is forecasting a 10% to 15% sequential uptick in upstream capex in 2023 and an overall strong year for the sector, with service companies likely to see increased demand for their services.

Biden Has Banned Russian Oil—What’s Next?

Oil markets are experiencing historic volatility following Biden’s ban on Russian energy. Here’s a roundup of its implications in the near term.

Moody’s Flags Big Oil’s Rising Risk from Climate Battle

Moody’s said it considered Exxon Mobil losing board members to an activist hedge fund over its energy transition strategy the most important development.

Opinion: Rising Bankruptcy Toll Shows US Oil Patch Is Not ‘OK Now’

Business failures pile up despite Donald Trump trumpeting the oil and gas sector’s recovery.

Midstream Sector’s Möbius Strip

For years, the midstream sector has managed to stay strong in weak oil and gas markets, but the unforeseen impacts of COVID-19 and the OPEC+ oil price shock have had a deep impact. 

Oil Analysts See More Challenges Ahead for Growing Bankruptcies

About $140 billion worth of debt is due to mature between 2020 and 2022 in the U.S. oil and gas market, analyst says.

A&D Trends: Supermajors Unlikely Acquirers of Distressed E&Ps

Years of M&A since the last downturn have produced suboptimal returns, which may lead oil and gas majors to focus on asset-level deals.

Moody’s Revises Outlook for Midstream Sector to Negative for First Time

The rapid pace and magnitude of production declines by oil producers has finally spilled into the midstream sector, compromising its aggregate credit quality, according to a new report by Moody’s Investors Service.

Chesapeake Energy: Rise and Fall of a US Shale Star

Chesapeake Energy, once worth $35 billion, is flirting with bankruptcy in face of the coronavirus-driven crash.

Moody’s Slashes Economic, Oil Forecasts Again

Moody’s followed S&P in slashing its oil forecasts. It now expects benchmark Brent prices to average $35/bbl and U.S. WTI crude to average $30/bbl this year before ticking up.

Occidental Petroleum’s Debt Rating Downgraded To ‘Junk’ By Moody’s

The acquisition of Anadarko Petroleum continues to burden Occidental’s balance sheet, “significantly compromising its financial flexibility,” Moody’s Andrew Brooks says.

US Junk Energy Index Spread Widens To Three-year High

Energy bonds, in particular, have been battered in the high-yield selloff as the price of oil has slid.

Bankruptcy Risks Rise For US Shale

Credit crunch looms for U.S. shale producers as ‘staggering’ amount of debt nears maturity.