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In Wake of Losses to Oil Majors, Path Forward Remains Unclear
Exxon's board reshuffle has sent shockwaves through oil companies, as a new era of corporate scrutiny beckons.

Oil Majors Post Poor First Quarter
The poor performance in the first three months of the year has not put a dent in confidence among top oil executives who see stronger profits later this year and next, although plenty of uncertainty remains.

Oil Majors Boost Profits in 2018, Risks Loom
The oil majors have reported their best financial results in years, but they still face a litany of risks both in the near-term and in the years ahead.

Oil Majors to Thrive as Market Enters a Period of ‘Restraint’
The current environment is ideal for the oil majors: Lower production costs, consolidation, and cautious spending allow them to post massive returns.

LNG Surplus Disappearing, Supply Gap May Emerge
The severe decline in investment in new LNG export capacity due to the price downturn that began in 2014 could precipitate supply problems in the 2020s, mirroring similar trends in the crude oil market.

Nigeria Bribery Scandal Reflects Cost of Doing Business in Petrostates
High-ranking officials of two major IOCs will go on trial in Milan for bribing Nigerian officials to secure lucrative contracts, marking the third major corruption scandal that has touched large oil companies in recent years.

New Discoveries, Cost Reductions Spur Deepwater Interest
A series of recent deepwater discoveries has demonstrated that the offshore oil sector is beginning to rebound after years of subdued activity, despite increasing interest in onshore shale drilling.

Oil Majors’ Earnings Disappoint on Shrinking Refining Margins
Fourth-quarter earnings significantly missed expectations, but they do not necessarily negate the broader improving trend for the oil majors.

LNG Markets Remain Oversupplied, But Industry Confident for the Long Run
The glut of supply could last years, threatening to keep prices low until the 2020s, but the oil majors are playing the long game, expecting the demand for gas to grow substantially over time.

Brazil’s Offshore Sector Rebounds After Years of Disappointment
The promising results from Brazil's auction demonstrate that the country's offshore sector remains attractive even as the global oil industry has been hesitant to invest in big projects as a result of relatively low oil prices.