(The target) would require the group becoming one of the best explorers among the integrated oil companies, rather than one of the worst. |
[Earnings of] $2.1 billion were not enough to support BP's share price, ... Shell looks the better bet. |
[Earnings of] $2.1 billion were not enough to support BP's share price. Shell looks the better bet. |
[The profit was] at the bottom of forecasts, they confirmed some production delays, and I think the market just doesn't like oils at the moment, ... Generally though, things are ticking along quite nicely for them. |
Despite the increase, there is nothing to suggest that the group will be able to increase its growth prospects, which should depress returns. |
Earnings tend to follow the cycle in oil prices, and this is the peak of the cycle. Going forward, there is a lot of investment from the industry in capacity. |
Eni had always been regarded as a likely predator. |
Governments in Europe are still concerned about national interests, ... they see oil companies as important for national security. |
Hunting has reported a good set of final results ... We believe that the group will be one of the prime beneficiaries of the increase in upstream capital expenditure by the integrated oil companies. |
If we get a cold snap we could spike towards $30 and it is sustainable at $25 for a month or two. |
In other words, it will go Total's way. |
It still seems in the balance and it is very difficult to call, |
It's a better performance from refining and marketing. |
It's a good set of numbers. |
Norway is a relatively high-cost area [for oil exploration], the Norwegian Shelf is becoming more mature and it's slipping down the appeal curve. |