Why Chevron, Shell and Even the Mighty ExxonMobil Are Retrenching
at The Street - Thu Jun 25, 8:49AM CDT
Lower commodity prices have weakened cash flow and depressed earnings for the supermajors, leading them to put oil and gas assets up for sale.
EXXI: 2.22 (-0.13), PBF: 31.10 (+1.17), XOM: 82.22 (+0.62), COP: 59.13 (+0.46), AWK: 50.79 (+0.61), RDS.A: 56.84 (+1.42), REXX: 3.70 (-0.14), BP: 39.90 (+0.77), MRO: 24.46 (-0.32), CVX: 94.41 (+0.63), CORR: 6.36 (+0.02), Z: 78.67 (-6.59), APC: 75.71 (-0.37)