EIA Financial Review: 1st Qtr. 2019 Report Released

Key findings;
Brent crude oil daily average prices were 5% lower in first-quarter 2019 than in first-quarter 2018 and averaged $64 per barrel

The 119 companies in this study increased their combined liquids production 4.3% in first-quarter 2019 from first-quarter 2018, and their natural gas production increased 2.3% during the same period

Nearly two-fifths of the companies were free cash flow positive—that is, they generated more cash from operations than their capital expenditures

Dividends plus share repurchases were more than 33% of cash from operations, the highest for any quarter in the 2014–19 period

Source / More : Full Annual Review Report

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