Big Oil Set to Generate Record Amounts of Cash -- Market Although not on the list below, CPG will as well
Thursday, January 25, 2018, 9:54 AM ET
09:53 ET - The world's biggest oil companies are poised to generate record amounts of free cash flow in 2018, even exceeding what they achieved when crude sold for more than $100 a barrel, according to Simmons & Co. The biggest seven oil companies that operate wells and refineries--Exxon Mobil, Chevron, Royal Dutch Shell, Total, BP, Statoil ASA and Suncor Energy--will generate about $60B in cash in excess of spending on new investments, dividends and stock buybacks in 2018, according to Simmons. (bradley.olson@wsj.com; @bradnews)
(END) Dow Jones Newswires
January 25, 2018 09:54 ET (14:54 GMT)
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