Why Big Oil Expects Record Cash Flow In 2021 ...Middle East

OILPRICE - Economy
Why Big Oil Expects Record Cash Flow In 2021
source : OILPRICE ( Middle East ) () 18
The world’s largest oil companies are set for a cash flow bonanza this year, probably at record levels, as massive cost cuts in the wake of the 2020 oil price and oil demand collapse have significantly lowered the corporate cash flow breakevens for many firms.  After posting record losses in 2020, a year which company executives described as one with “the most challenging market conditions,” Big Oil is looking at 2021 with increased optimism, mostly because oil prices have rallied in recent weeks. Moreover, the ultra-conservative…

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