U.S. ENERGY CASH: $119 BLN
U.S. EIA - Financial Review of the Global Oil and Natural Gas Industry: Second-quarter 2018
Key findings for second-quarter 2018
• Brent crude oil prices were 48% higher in second-quarter 2018 than in second-quarter 2017 and averaged $75 per barrel, the highest since fourth-quarter 2014
• Liquids production increased 2.3% in second-quarter 2018 from second-quarter 2017, and natural gas production increased 1.8% during the same period
• Energy companies' free cash flow—the difference between cash from operations and capital expenditure—was $119 billion for the four quarters ending June 30, 2018, the largest four-quarter sum during 2013–18
• Companies reduced debt for seven consecutive quarters, contributing to the lowest long-term debt-to-equity ratio since third-quarter 2014
More information is here.
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