Five key takeaways from the EIA’s latest quarterly financial oil and gas review

| By Mark Young

The U.S. Energy Information Administration (EIA) has released its latest quarterly review of financial performance in the global oil and gas industry, which was built using energy company data extracted from Evaluate Energy.

Here are five key takeaways from the report, which can be downloaded in full at this link.

1. On the back of higher oil prices, cash from operations in Q2 2018 was $118 billion, a 27 per cent increase from Q2 2017.

2. Around 40 per cent of the study group recorded positive free cash flow — the difference between cash from operations and capital expenditure — and 78 per cent of the group saw positive upstream earnings in Q2 2018.

3. The companies’ annualized free cash flow was $119 billion for the four quarters ending June 30, 2018, the largest four-quarter sum between 2013 and 2018.

4. The study group has now reduced debt for seven consecutive quarters, contributing to Q2 2018 showing the lowest long-term debt-to-equity ratio since third-quarter 2014.

5. The companies in the study group saw returns on equity increase to nine per cent in Q2 2018, the largest level since third-quarter 2014, while long-term debt-to-equity ratios for the group declined to 41 per cent.

The full report, along with the list of companies that were used to create the analysis above, is available to download from the EIA at this link.

Click here for a demonstration of the Evaluate Energy database that was used by the EIA to create the report.

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