According to the overall composite ranking approach used by Forbes (based on assets as well as sales, profits, and market value), and given the differences between bank assets and
oil company assets, ExxonMobil is ranked fifth in the overall list of «The Top 100» companies in the world, behind three banks and also GE.
Not exact matches
Among the biggest issues
oil - and - gas - exploration
companies face in the search for new sources of hydrocarbons is putting humans or high - value
assets at risk.
So, while low
oil prices will make this a trying quarter for the entire energy industry,
companies with a more balanced portfolio of
assets should fare better than the pure - plays.
Suncor is Alberta's biggest
company by
assets, but a near 50 % drop in
oil prices in 2015 hit the
company hard.
Otto Energy says the sale of its Galoc
oil field
assets in the Philippines to Singapore - based energy
company Risco Energy Investments for $ 113.4 million will help fund exploration activities for two years and return capital to shareholders.
Shares in Perth explorer Empire
Oil & Gas have surged after the
company said it would buy ERM Power's Western Australian gas
assets for $ 16.3 million.
Perth - based
oil and gas
company Antares Energy has received a fresh $ US300 million offer from an undisclosed party for its Permian Basin
oil and gas
assets in Texas, less than six months after it backed out of a previous sale agreement.
«Particularly with
oil prices hitting lows at some point in the first quarter... lots of sub investment - grade firms could be under a lot of stress, and for those with stronger balance sheets, those
companies could take this as an opportunity to buy and acquire
assets,» Deshpande said in a phone interview.
The consumer watchdog has given the green light to Woodside Petroleum's proposed purchase of
oil and gas
assets from US energy
company Apache, after concluding it would not have a significant effect on the domestic gas market.
Local
oil and gas
company Antares Energy has sold its two remaining
assets in the Permian Basin in Texas to an undisclosed private equity buyer, for about $ US250 million ($ A360 million).
CARACAS, Venezuela — ConocoPhillips says it won $ 2 billion arbitration award against Venezuela's state
oil company over
asset seizures.
The only way
oil and gas firms can regain their social licence in the long term, she argues, is to become diversified energy
companies and move toward renewable
assets.
Perth - based
oil and gas junior Pura Vida Energy says today's completion of a farm - out agreement covering its
assets off the coast of Morocco is a
company - changing event that removes the risk of exploring the project.
Franco - Nevada Corp. (FNV: $ 44.16) A royalty
company that buys interests in a diversified range of gold mines as well as interests in
oil and gas and other
assets.
The
company has also had to take big losses related to write - downs of the value of its
oil and gas
assets, to reflect the lower prices these energy commodities are garnering on the open market.
A provision of Tillerson's ethics agreement says that he must give up any undistributed
assets in the trust if he becomes employed by or provides services to «a
company in the
oil and gas industry or the
oil and gas services industry.»
Oil companies are profiting after they cut costs and sold assets to adjust to an era of lower oil prices after
Oil companies are profiting after they cut costs and sold
assets to adjust to an era of lower
oil prices after
oil prices after...
Paramount now deals with both
oil and gas, and has since spun off
assets into separate
companies, such as heavy -
oil player Cavalier Energy (in 2011).
But that volatility, as Ghosh likes to note, is the upside of the integrated nature of the
company, which gives it a continued hedge against the differential in world
oil prices through its downstream and midstream
assets — on the midstream side, Husky operates a 2,000 - kilometre crude -
oil pipeline system, and its downstream operations include upgrading and refining crude
oil, and marketing gasoline, diesel, jet fuel, asphalt and ethanol in Canada and the United States.
This year the Conservative government approved the sale of $ 1.9 billion in
oil sands
assets to two
companies controlled by the Chinese government.
Loeb recently told Third Point fund investors that shares of the
oil and gas
company could be 60 percent higher, and he outlined changes it could make to add value, such as spinning off its retail business or selling its Canadian natural gas
assets.
The
company announced plans in December of 2014 to bring
oil as a peggable
asset in the later half of 2015.
Over a year which has seen large banks halt funding for fossil fuel projects, major institutions divest from
oil, gas and coal holdings, and
oil companies snap up power and renewables
companies in a bid to diversify their
asset base, research published today by the UK Sustainable Investment and Finance Association (UKSIF) and the Climate Change Collaboration suggests nervousness over climate risk has shot up in financial circles.
In fact, over half of
asset managers reported that reputational risks are already negatively impacting
oil company valuations, and a further 25 per cent predicted they will impact value in the next two years.
The Board has concluded that Mr. Nickerson is qualified to serve as a Director because, among other things, he has over 30 years of experience in
oil and gas operations, with a focus on midstream
asset development and management, a critical element of the
Company's current strategy.
However, despite growing awareness of the risks engulfing
oil companies, the survey revealed a startling lack of preparedness on the part of
asset managers.
The
company last year said it would exit its underperforming U.S. shale
oil and gas business after coming under pressure from Sydney - based Tribeca Investment Partners to sell the
assets.
Steve Pastor, BHP's president for petroleum operations, said this week the
company would consider swapping certain onshore
oil and gas
assets with competitors» offshore
assets as part of its effort to exit U.S. shale operations.
Among potential buyers —
companies with strong balance sheets, but poor
assets — Goldman pointed to Gazprom RU: GAZP Lukoil RU: LKOH Royal Dutch Shell RDSB, +0.29 % RDS.B, +0.68 % BP BP., -0.64 % BP, +0.07 % and
Oil India 533106, +2.98 % Possible sellers include Afren UK: AFR Tullow
Oil TLW, -2.95 % BG Group UK: BG and Diet Norske Oljeselskap NO: DETNOR
This has increased pressure on
companies with
oil sands
assets to improve (i.e., reduce) their environmental footprint, and in some cases, to divest such
assets.
In addition to that, reports later in the week said that the
company is in talks to partner with a leading private equity fund to buy Anadarko Petroleum's south Texas
oil and gas
assets in a deal that could be worth up to $ 3.5 billion.
Holdings in the funds mentioned as a percentage of net
assets as of 9/30/2014: Berry Plastics 0.00 %, Cooper Tire & Rubber
Company 0.00 %, Devon Energy Corp. 1.82 % in Global Resources Fund, EOG Resources, Inc. 2.13 % in Global Resources Fund, Goodyear Tire and Rubber
Company 0.00 %, Royal Dutch Shell 0.00 %, SPDR S&P
Oil & Gas Exploration & Production ETF 0.00 %, Tiffany & Co. 0.44 % in Gold and Precious Metals Fund.
Meanwhile, given its weaker balance sheet and where
oil and gas prices are these days, the
company raised $ 67 million in cash during the quarter by selling three non-core
assets, which boosted its cash balance to $ 128 million.
It should be noted that Regulation A + fundraising is not available for
companies seeking «to offer and sell
asset - backed securities or fractional undivided interests in
oil, gas or other mineral rights.»
However, Asian interest in developing investment ties with Canada is not limited to China:
Companies from Japan, Korea, Malaysia and Thailand have invested capital in Canadian oil and gas assets, and other Asia - based companies are looking at investment oppor
Companies from Japan, Korea, Malaysia and Thailand have invested capital in Canadian
oil and gas
assets, and other Asia - based
companies are looking at investment oppor
companies are looking at investment opportunities.
The event will bring the fundamentals of updating cyber security systems for the purpose of protecting
company assets for
Oil & Gas
companies
The difference, however, is that while foreign
companies mostly sold
oil assets, they mainly purchased natural gas
assets as an adjustment strategy to cope with the anticipated decline in
oil prices and even the global
oil industry.
Chinese
oil companies, in contrast, are now the owners of these
oil assets and must deal with the financial burdens.
The bottom line: In today's economic environment, I would still favor stocks over other
assets, but I would focus on pockets of value within the stock market, including Asian equities and large, integrated
oil companies.
China's
oil industry began a new era of growth as early as 2008, and from 2009 to 2013 Chinese
oil companies were particularly keen on investing in foreign
oil assets.
It is an energy management
company, which acquires and develops upstream and midstream
oil and gas
assets.
Technical analyst Clive Maund charts an
oil company that has announced it will sell off one of its
assets.
We believe Chesapeake Energy is among the best managed
oil and gas
companies and is trading well below the value of its
assets.
Chinese
companies are expanding abroad and acquiring
assets such as state - owned CNOOC Ltd.'s $ 15.1 billion purchase this month of Canadian
oil and gas producer Nexen.
He's chairman of the New York League of Conservation Voters Education Fund and is on the board of directors of Noble Energy, an independent gas - and
oil - exploration
company with more than $ 17 billion in
assets.
Libyan
assets in Britain which were previously frozen are to be released, including # 91 million of frozen funds from a Libyan
oil company, the Arabian Gulf Oil Compa
oil company, the Arabian Gulf Oil C
company, the Arabian Gulf
Oil Compa
Oil CompanyCompany.
ClimateWire ranked only the top 40 U.S.
oil and gas
companies by
assets, who together contributed 67 percent of the methane emissions from the production sector.
It was the third - biggest American energy
company by
assets, according to the
Oil and Gas Journal's 2014 Survey of Top 150 U.S.
Oil & Gas
Companies.
Carbon Natural Gas
Company Announces Formation of Carbon California Company, LLC and Acquisition of Oil Producing Assets and Related Financing Block Communications, Inc., (BCI) is a 112 - year - old privately held diversified media holding company headquartered in Tole
Company Announces Formation of Carbon California
Company, LLC and Acquisition of Oil Producing Assets and Related Financing Block Communications, Inc., (BCI) is a 112 - year - old privately held diversified media holding company headquartered in Tole
Company, LLC and Acquisition of
Oil Producing
Assets and Related Financing Block Communications, Inc., (BCI) is a 112 - year - old privately held diversified media holding
company headquartered in Tole
company headquartered in Toledo, OH.
Investors are looking for safe
assets, and
oil companies, both large and small, that represent very secure holdings.