National Oil Companies (NOCs) are owned fully or partially by the state. Unlike the major supermajors like Exxon Mobile(XOM), BP(BP), Total(TOT), etc. the NOCs are controlled by the state though they may publicly listed as well. Some of the large oil companies in the world such as China Petroleum & Chemical Corp (SNP) and PetroChina (PTR) …
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Oil prices have fallen dramatically this year as the pandemic decimated global oil consumption. Currently Brent crude is trading under $37 for January delivery. With the fall in crude oil prices oil stocks have been crushed well. Most of the foreign exchange-listed oil stocks have plunged by 50% of more as shown in the table …
Continue reading ‘On the Year-to-Date Return of Exchange-Listed Foreign Oil Stocks’ »
Oil prices have fallen from over $68 per barrel earlier in January to around $43 now as measured by Brent Crude. In April when Coronavirus lockdowns were imposed in most countries price plunged to around $20 a barrel. Though prices have recovered as economies have slowly opened up, it is still a far cry from …
China’s three major oil majors are the top performing stocks year-to-date among the exchange-listed ADRs trading in the US markets. These stocks have fared relatively well compared to other foreign oil firms. Before we get to the performance list, crude oil decline dramatically since the start of the year even before COVID-19 started raging the …
The S&P Global Platts Top 250 for this year was published last month. These firms are ranked based on asset worth, revenues, profits and return on invested capital. This ranking considers only publicly traded energy firms. The following table shows the Top 50 of S&P Global Platts Top 250 Energy Firms for 2019: Click to enlarge …
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