North American shale-focused companies' financial performance has improved

North American shale-focused companies' financial performance has improved

Independent upstream production companies focused on producing from shale formations or oil sands in North America were more profitable in the first six months of 2014 than in the prior two full years.
Cash return on equity (ROE), a measure of the profit a company earns on money shareholders have invested, increased 7 percentage points from 33% in 2012 to 40% through second quarter 2014. In contrast, the cash ROE for global diversified vertically integrated oil and gas companies has declined slightly from 27% in 2012 to 25% through second quarter 2014
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Oil and Gas Press

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