Innovate and grow the bottom line!

摘要

Oil companies are the industry's growth engines. They are price-takers with financial levers of volumes and expenses. According to EIA, WTI has averaged $42.84/ bbl (through October) this year, compared to $48.67 in 2015 and $93 in 2014. While these cycles' bottoms are best determined after the fact, 2017 looks grim: EIA projects $49.91, IMF $50.51, etc.