As oil price currently hovering around $20/Barrel, and the oil market is dealing with uncertainty crisis, the majors are in real trouble as their average breakeven prices are way high.
Below is an overview of 2020 Oil Majors Breakeven prices:
2020 Oil Majors Breakeven Prices
“Breakeven price is the oil price required to cover capital spending and dividends.”
Founder of the Oil Industry Insight., an Oil & Gas industry analytical and business intelligence platform offering insights and analyses, short-term and long-term oil market outlooks and oil prices forecasts. Oil and Gas industry professional recognized and featured on LinkedIn as an Oil & Gas Industry Expert with more than 350,000 followers.
