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Big Oil cash flow could top $100 billion in third quarter. Which supermajor will come out on top? - Upstream Online

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Big Oil cash flow could top $100 billion in third quarter. Which supermajor will come out on top? | Upstream Online

Sifting dynamics in the energy markets are helping some supermajors more than others as we head towards a third quarter results season where analysts believe the companies will report cash flows racing past $100 billion.

Analysts are bullish around ExxonMobil and Repsol, while there is a more cautious view around TotalEnergies, Equinor and BP, which saw its chief executive Bernard Looney depart since its last earnings release.

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Related Knowledge Center: ENERGY BASICS: petroleum

State of Play

While electric-powered vehicles may be the ride of the future, oil remains at least for now the dominant fuel for transportation around the world. And after a period of time at the end of the 20th century when oil was subject to wide fluctuations in price, new supplies in North America as a result of non-conventional recovery techniques have helped stabilize prices.

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