FlowBank

1085 days ago • Posted by William Ramstein

Big oil companies could see free cash flow rise on oil price hike

Some may wonder if it is time to consider buying into BP, Shell, Chevron, Total and Exxon as the re-opening trade begins to see traction. These firms offer handsome dividends and are looking to 1. cut debts and 2. invest in ESG solutions with the extra cash and 3. buyback shares (which makes EPS look more attractive). However, ''capex cuts, debt and disposals could do as much if not more harm than good, and none are really sustainable''.

Source: Bloomberg

#Commodities
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