Top oil and gas companies 2020

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Top Oil & Gas Stocks for Q2 2020
5 Top Things to Expect from the Oil and Gas Industry 2020
2019 list of the leading U.S. oil and gas companies based on revenue
Oil Crash 2020: 4 Top Oil-Stock Picks
List of largest oil and gas companies by revenue
Oil & Gas News

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Top Oil & Gas Stocks for Q2 2020

Oil examines the key issues in demand, supply, refining and trade to Oil looks at the interplay between the expanding US influence in global oil supply and the demand from Asia for exports from the Middle East.

At the same time, global energy transitions are affecting the oil industry: companies must balance the investments needed to ensure sufficient supplies against the necessity of cutting emissions. In a decarbonising world, refiners face a big challenge from weaker transport fuel demand. The outbreak of the new coronavirus COVID has added a major layer of uncertainty to the oil market outlook at the start of the forecast period covered by this report.

In , global oil demand is expected to contract for the first time since the global recession of The situation remains very fluid, however, making it extremely difficult to assess the full impact of the virus. To construct a base case for oil demand in , this report draws on a wide range of data sources, including initial data for transport fuel demand, the most affected sector, and recently revised global GDP estimates by the Organisation for Economic Co-operation and Development OECD.

In this base case, we assume that although the virus is brought under control in China by the end of the first quarter, the number of cases rises in many other countries.

Containment measures imposed in North America, Europe and elsewhere are expected to have a smaller impact on oil demand than those in China.

However, demand from the aviation sector will continue to suffer from the contraction in global air travel. In this case, oil demand in China suffers the most in the first quarter, with a year-on-year fall of 1. Global demand drops by 2. In the second quarter, an improving situation in China offsets deteriorating demand elsewhere. A progressive recovery takes place through the second half of For as a whole, the magnitude of the drop in the first half leads to a decline in global oil demand of around 90, barrels a day compared with Ultimately, the outlook for the oil market will depend on how quickly governments move to contain the coronavirus outbreak, how successful their efforts are, and what lingering impact the global health crisis has on economic activity.

At the time of publication, the high uncertainty over the course of the global epidemic has led us to propose two alternatives to our base case for demand in a more pessimistic one in which global measures are less successful in containing the virus, and an optimistic case in which it is contained quickly. The arrival of the coronavirus is rattling a global oil market that was already facing challenges. On the demand side, growth in was significantly weaker than expected and new vehicle efficiency measures have started to weigh on transport fuels.

Refining capacity additions in recent years have outstripped demand growth, bringing tough competition for an industry already challenged by tightening product specifications, most notably the new International Maritime Organisation IMO bunker rules introduced at the beginning of On the supply side, geopolitics remain a wild card. Production losses from Iran, Libya and Venezuela have reached a combined 3.

Looking beyond the short term, the oil market looks comfortably supplied through Following a contraction in and an expected sharp rebound in , global oil demand growth is set to weaken as consumption of transport fuels increases more slowly.

Petrochemicals become an ever more important driver, with naphtha, liquefied petroleum gas LPG and ethane responsible for half of all growth. Efforts to improve the sustainability of the plastics industry will run up against the steady increase in demand from consumers in developing countries. Bans imposed on single-use plastics and recycling, even if fully implemented, will displace only a very modest amount of oil demand. Through , global oil demand rises by a total of 5. Non-OPEC supply will rise by 4.

This assumes that there is no change to sanctions on Iran or Venezuela. The United States leads the way as the largest source of new supply. Given its huge resource potential, it could produce even more if prices end up higher than assumed in this report.

Strong growth in Asian oil demand is creating major opportunities for oil producing countries that can boost exports. The pace of expansion in the United States is slowing as independent producers cut spending and scale back drilling activity in response to pressure from investors.

The deceleration in US and other non-OPEC growth from will allow OPEC producers from the Middle East to turn up the taps to help keep the oil market in balance, thereby increasing their importance for oil consuming countries. Global attention is increasingly focused on the need to accelerate clean energy transitions in order to mitigate the risks of climate change. With its major emissions footprint, the energy sector — including the oil and gas industry — is at the heart of the matter.

Demand growth for gasoline and diesel between and is set to weaken as countries around the world implement policies to improve efficiency and cut carbon dioxide CO2 emissions, and as electric vehicles increase in popularity. Refiners, nevertheless, continue to build much more capacity than what is needed to meet product demand. The impact of clean energy transitions on oil supply remains unclear, with many companies prioritising short-cycle projects for the coming years.

Nevertheless, investors continue to ratchet up pressure on the industry to sharpen its focus on sustainability issues while activists, especially in Europe and North America, seek to hinder new oil developments. With uncertainties over demand, supply, investment strategies and business models, the global oil industry faces major challenges.

While ensuring it is able to continue to meet growing demand, it must also address the need to curb emissions and improve sustainability. Global oil demand will grow by 5. This is a sharp reduction on the 1.

Oil demand growth slows because demand for diesel and gasoline nears a plateau as new efficiency standards are applied to internal combustion engine vehicles and electric vehicles hit the market. Gasoline demand sees a sharp slowdown over our forecast period with growth reduced from the 2. Improved efficiency standards and increased penetration of electric vehicles sees demand growth stall.

Following a record increase of more than 2. Further spending cuts are expected for , with capital discipline remaining a priority. Due to its fast ramp-up and rapid decline, US light tight oil LTO production is more responsive to a change in the oil price than conventional sources of supply. Recent price volatility could have a major impact on US production. Global oil supply looks comfortable through the forecast period.

The US leads the way as the largest source of new supply. Total non-OPEC oil supply rises by 4. As for OPEC, even though sanctions and economic distress have wiped out 2. As US growth plateaus, Middle East producers step up to supply the required incremental barrels.

Current oversupply and the impact of COVID on demand should not be a reason for complacency when it comes to security of supply. At the same time, oil production in the region declines.

All major Asian economies are heavily dependent on oil imports. Oil imports will be coming from places further away, increasing voyage duration and inherently limiting flexibility when dealing with emergencies. Asian countries will need to work individually and collectively to enhance oil supply security.

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Frontera Energy Corp. (wiacek.com.au). Noble Midstream Partners LP (NBLX).

According to company filings , U. Three-digit sales in the billions are not uncommon in the oil and gas industry. However, revenues are highly dependent on the development of crude oil prices on the world market. Sinopec, for example, has therefore integrated both the energy and chemicals businesses into its operations. Saudi Arabian oil company Saudi Aramco was a newcomer to the list in and that year remains the only know revenue figure for the company.

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2019 list of the leading U.S. oil and gas companies based on revenue

Few industries have been harder-hit than the oil business this year. In the U. It's so bad that at one point this past week, U. And it looks like it could be a long time before much of the industry can recover. Oil prices are only part of the problem; the bigger problem is a lack of storage for all the extra oil that's still being pumped by producers slow to respond to the collapse in demand.

Oil Crash 2020: 4 Top Oil-Stock Picks

What that looks like in dollars is especially striking. Other supermajors including Shell and Total lost billions, too. Schlumberger took the biggest hit to the value of its shares. Meanwhile, pipeline companies focused on transporting gas, such as Kinder Morgan, "are expected to weather the financial downturn better than their smaller midstream counterparts. Governments have advised large chunks of the planet's population to stay at home in order to slow the spread of the novel coronavirus. That means fewer people are traveling and consuming oil-based fuels. Saudi Arabia has also begun increasing supply, which is likely to plunge the price further into the ground. Signs that an agreement is forming among a coalition of oil-producing nations to pare back supply is buoying the price — which jumped on Thursday and Friday last week.

The industry also includes companies that provide drilling and well-maintenance services. A , Exxon Mobil Corp.

List of largest oil and gas companies by revenue

Following a year of pipeline capacity constraints and delayed pipeline projects, became the year of rapid expansion and increased production. As major pipeline projects moved into the development process or under construction, these companies expressed more and more interest in the basin. Another busy year for the oil and gas industry concluded, analysts have issued their predictions about and what they could mean for oil markets and prices. Here are five of the most important predictions and factors, in the U. Besides a series of mega-deals, was a pretty quiet year for oil and gas mergers and acquisitions. Will this trend continue this year? So far, there has actually been an increased level of mergers and acquisitions taking place. This shift actually started taking place beginning in December of last year, with several sizable transactions being announced. There is also a growing number of distressed oil and gas firms with few funding options that are expected to team up with bigger shale players to scale operations and cut costs. As a result, media coverage began to predict doom and gloom. Despite this, analysts and organizations say they expect oil supply from the U. The main driver of this trend is the mix of producers that are expected to continue to evolve.

Oil & Gas News

Scott L. Montgomery does not work for, consult, own shares in or receive funding from any company or organisation that would benefit from this article, and has disclosed no relevant affiliations beyond their academic appointment. Consumers, of course, can expect gasoline prices to go down , but the story is far more complicated than that. Having researched energy for decades , I see this as a big deal, not only for the global economy, but for geopolitics, the future of transport and efforts to mitigate climate change, particularly if the world enters into a sustained period of cheap oil. Oil prices have been forced downward due to major influences from both the demand and supply sides. Demand for crude oil and petroleum fuels has fallen worldwide because of the coronavirus pandemic, nowhere more so than in China. Locking down millions of people closed factories, cut supply chains and reduced transport at home and abroad via trade. A global downturn in demand from transportation , not least in air travel , has eroded demand further. The resulting war for market share has flooded the world with oil. OPEC and Russia first got together in to cut production and raise prices against a river of new oil from shale drilling in the U.