SUBSCRIBERS
Big oil companies are back in favour
Producers such as Total, Shell and BP are getting "buy" ratings as they cut spending, reduce output to ride out the downturn
Published Tue, Oct 20, 2015 · 09:50 PM
London
ENERGY companies are finally starting to come back into favour.
After enduring the longest oil-price collapse in more than a decade, crashing profits and an investor exodus, Europe's biggest producers are regaining fans as analysts bet earnings bottomed out last quarter and will now start to recover.
KEYWORDS IN THIS ARTICLE
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Energy & Commodities
Renewables provided record 30% of global electricity in 2023, think tank Ember says
Oil settles lower on signs of easing supply tightness
Sri Lanka approves power deal with India's Adani Group
BP profits drop to US$2.7 billion, refinery outage offsets higher output
Aramco to pay US$31 billion dividend as Saudi posts budget deficit
PetroVietnam announces new oil discoveries with initial reserves of 100.5 million barrels