RE:Good Results are expected yet investors still don't care.Unfortunenately James this malaise isn't just CPG specific.. its industry wide.. now with that being said they're on track to reduce debt as stated and deleverage.. I'm happy with that.. the share price will respond in time as will most O&G stocks when that FCF comes rolling in.. notice.. as I've been saying for months now the reversal of the write downs has begun.. next will be the reratings.. ;-) quote:
"The Company reported net income of $2.1 billion for the three month period ending June 30, 2021, primarily resulting from a $2.5 billion ($1.9 billion after-tax) reversal of non-cash impairment due to an increase in forward commodity prices and the independent engineers' price forecast"