HIGHER OIL PRICES MEAN REVENUE* SOARED TO A 4-YEAR HIGH OF $144BN IN Q3…         …BUT REMAINS WELL DOWN ON RECORD 2014 LEVELS

 

CAPITAL SPENDING HAS BEEN SLOWER TO TAKE OFF. IOCS HAVE, FOR NOW, REMAINED PRUDENT WITH THEIR GROWING CASH WINDFALL

*CASH FROM OPERATIONS. ^ESTIMATE BASED ON 9M DATA. SOURCE: EIA ANALYSIS OF 106 LISTED OIL COMPANIES’ FILINGS. INCLUDES ALL MAJORS AND LARGE IOCS AS WELL AS PART-LISTED NOCS SUCH AS ROSNEFT AND...