What to expect as Big Oil reports second-quarter earnings

Fuel prices on a sign at a BP gas station in Louisville, Kentucky, on Friday, Jan. 29, 2021.Rene Santos, manager for North America supply at S&P Global Platts Analytics, told CNBC via email that he expects second-quarter earnings from U.S.-based energy companies to be "significantly higher" when compared to the same period in 2020.

Santos said S&P Global Platts Analytics also foresee an increase in the reporting of ESG activity, noting that it "looks like pressure from environmental groups and fear of more regulations from the current administration is persuading many companies to do more to decrease emissions.

However, while energy majors will likely have had the opportunity to pay down some debt after generating a significant chunk of cash from their operations, Williams-Derry said that this hides the fact that these companies have not invested much in future production. Longer term, Williams-Derry warned there's a "tremendous degree" of investor skepticism about the business models of oil and gas firms, citing the deepening climate crisis and the urgent need to pivot away from fossil fuels.

good

Россия Последние новости, Россия Последние новости

Similar News:Вы также можете прочитать подобные новости, которые мы собрали из других источников новостей

Stock futures hold steady ahead of a huge week of Big Tech earningsStock futures opened little changed ahead of a busy week of earnings reports from technology's heaviest hitters. Big week boys We don't buy bitcoin We earn bitcoin From Mining I'm ready to show 10 lucky people on how to earn 1BTC ($34,502) and more daily! No referral No withdrawal fees If interested, kindly send a DM AMC is Future🤷🏻‍♂️, the Elon pose 🤪
Источник: CNBC - 🏆 12. / 72 Прочитайте больше »

Boston Beer stock suffers record selloff as analysts slash targets after big earnings missBoston Beer was Truly surprised by the demand for hard seltzer fizzling out so quickly. 'We were surprised at the sharpness and the suddenness of the change in trajectory,' said Chairman and Founder James Koch. For all those who are new to this working from home Bitcoin trading options Here's a little tip: Get a trusted Bitcoin expert and stick to her _Johnson56 Invest and play at similar times each day. Because : In times of chaos, your investment is your anchor to success Maybe if it didn’t taste awful…
Источник: MarketWatch - 🏆 3. / 97 Прочитайте больше »