The big winners in the $300B oil market: BP, ExxonMobil, Shell, Chevron
By Recode Staff | March 24, 2018 11:59:03Oil markets have been in a bit of a bubble over the past few years, but there’s a lot of good news on the horizon.
The first big winner of the past couple of years has been BP.
The company has taken a huge hit from a $28 billion oil spill in the Gulf of Mexico, and it’s been able to sell off a significant portion of its stake in the oil company.
Now, the company has a better position than it had before the spill, and now it’s looking to expand its exploration and production.
ExxonMobil is the second big winner, but that’s not because of the spill.
Exxon is looking to develop the Arctic, and that’s a bigger story.
BP is looking for more revenue.
Shell is a bit more cautious, and Chevron is looking at new drilling technology and a possible return to exploration and producing oil in the Arctic.
Here’s what the big winners and losers in the global oil market look like.1.
BP: $300 billion profit in 20181.
Exxon: $35 billion profit2.
Shell: -$8 billion profit3.
Chevron: +$1.8 billion3. BP-Exxon: +$1 billionOil prices are going through a bit like this: It’s hard to believe that the price of oil has risen so much over the last couple of decades, but we can definitely see some reason for that.
The reason is because of rising oil prices.
This is what happened during the 1980s: As oil prices soared, demand from the oil and gas industry soared.
That meant the price per barrel of oil fell, and the industry was able to cut its costs and increase its profits.
As the price has fallen over the years, the oil industry has been able just to keep cutting costs, but the costs of cutting costs are now increasing, and they’re not going to stop anytime soon.
When oil prices were high, companies like BP and Exxon could buy up large tracts of land and drill and drill to make more oil, and those fields are still in operation today.
But the oil companies are now going to have to focus on finding new ways to get their oil out to the market.
In the next couple of months, we’ll get more news about how much oil is out there and where it’s going, and how much of that oil is actually producing, which will make a huge difference to the way we think about the global economy.
What’s the outlook for oil prices going forward?
Well, as we know from our own economic models, prices are a lot more volatile than they used to be, and oil prices are expected to rise significantly over the next few years.
The question for the industry is how much the rise in oil prices will hurt it.
If prices start to fall, it could cause the companies to stop new exploration and drilling, which would mean less revenue for them.
But if oil prices rise, the companies will continue to drill and pump oil, so the rise will boost revenue for the companies.
That’s not a bad thing for the oil producers, because it means the oil price will rise, but it also means the companies could cut spending and increase investment.
This is the story of the oil market right now: We’re going to get some news about where prices are headed over the coming months, but right now, the only information we have is what the companies are doing.
That’s what we have to rely on.
The other interesting story is the global energy picture.
China is looking pretty good, and its oil output is growing.
But if oil companies can’t find new markets for their oil, they’re going have to go to the black market for their products.
How will this affect the global supply of oil?
Right now, oil is sold in lots of places around the world, but oil demand is the single biggest driver of demand.
Oil is a major contributor to global GDP.
And that’s because oil is so cheap.
As oil production rises, prices fall.
That means there’s more oil to be sold for.
So, while there will be some price increases over the course of the next year, the price will remain pretty stable, and as long as the oil prices keep rising, the demand for oil will keep growing.
It’s a perfect story for the global economic model.