Liam Denning, Columnist

Big Oil's Ugly Second-Quarter Scorecard

Cash flow is king, and the king is dead.

August 1, 2016 at 11:30 AM UTC

Liam Denning is a Bloomberg Opinion columnist covering energy. A former banker, he edited the Wall Street Journal’s Heard on the Street column and wrote the Financial Times’s Lex column.

Provide news feedback or report an error

Site feedback:

Take our Survey

This article is for subscribers only.

Big Oil had a second quarter it would definitely like to forget.

Of ExxonMobil, Chevron, Royal Dutch Shell, BP and Total, three missed earnings estimates, according to data compiled by Bloomberg.