Selling midstream interest, water infrastructure and long-dated inventory are among the options for the Permian pure-play.
Exxon Mobil, Chevron and BP have already sold their offshore assets in Norway and Okea CEO Erik Haugane told Reuters that Equinor will soon be the only oil major left.
Wall Street has been slashing their valuations of top Permian Basin operators despite the region’s attractiveness. Could the blockbuster Occidental-Anadarko deal change that?
It’s sometimes hard to know exactly what drives an energy company’s stock price, even if you’re a CEO who knows which levers logically should deliver stock price performance.
Moody’s found that as a group the 40 oil and gas companies it reviewed generated free cash flow for the first time in 2018, indicating an enhanced ability by E&Ps to tolerate lower commodity prices.