Weak Q2 reports seen for oil majors, E&Ps

摘要

Houston—Integrated oil companies and independent E&P companies are likely to turn in second-quarter earnings reports that show the bite marks of low oil prices, while independent refiners should be sitting pretty based on strong fundamentals, analysts say. NYMEX crude that plummeted from a former lofty perch north of $100/b to the mid- $80s/b in the quarter and even briefly flirted with the high $70s/b could, for integrateds, offset some of the refining gains created by improved margins, analysts said.