Crude at $49: The New Reality for Big Oil Companies
Crude oil fall during the clean-up operation near Eilat, Israel.
Photographer: Ariel Jerozolimski/BloombergThis article is for subscribers only.
The world’s biggest oil producers, historically resilient with their mix of energy exploration, refining and chemical manufacturing, are about to reveal how they are weathering the great oil crash.
Financial results will start trickling in Thursday for Exxon Mobil Corp., Royal Dutch Shell Plc, Chevron Corp., Total SA and BP Plc from a fourth quarter that saw the price of oil drop from $115 a barrel in June to below $50 a barrel.