Oil companies are making money like never before

Listed oil majors' free cash flows reached an all-time high last year, even though oil prices have only partly recovered after the 2014 drop, according to new analysis from Rystad Energy. Three factors have been crucial for this development.

BY DANIEL LOGAN

Published: 03.04.19 at 14:39

The world's listed oil exploration and production (E&P) companies made more money than ever before last year, according to a new analysis from firm Rystad Energy, which shows that publicly traded oil companies booked free cash flows of USD 282 billion dollars in total last year.

The improved profitability comes at a time when oil prices have only partly recovered after the severe dive in 2014, when the offshore crisis began in earnest.

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