DUBLIN--(BUSINESS WIRE)--Research and Markets (http://www.researchandmarkets.com/research/pmfn3t/divestment_of) has announced the addition of GlobalData's new report "Divestment of Producing Assets is a Key Reason for Reduced Output of Oil and Gas Majors in Q3 2012" to their offering.
The third quarter of 2012 (Q3 2012) results for four key International Oil Companies (IOCs) - Royal Dutch Shell plc (Shell), BP Plc, ConocoPhillips Company (ConocoPhillips) and Exxon Mobil Corporation (Exxon Mobil) - showed reduced oil and gas outputs when compared to Q3 2011.
The divestment of production assets is one of the reasons for reduced oil and gas production for the four IOCs. However, the oil majors' capital expenditure showed an increase despite the fall in oil and gas production. Among the four IOCs, Exxon Mobil's oil and gas output witnessed the highest decline at 7.5% when compared to Q3 2011.
On the other hand, BP's capital expenditure witnessed the highest increase of 27.8% in Q3 2012 when compared across the period.
Scope
- The report highlights that divestment of producing assets is a key reason for reduced output of oil and gas majors in Q3 2012.
- It focusses on IOCs efforts to amass lucrative E&P assets using the proceeds of divestments.
- Geographic Scope- Global
Reasons to buy
- To understand that divestment of producing assets is a key reason for reduced output of oil and gas majors in Q3 2012.
- To know about select production asset sale transactions of Shell, BP, ConocoPhillips and Exxon Mobil since January 2012.
- To know that IOCs have used the proceeds of divestments to amass lucrative E&P assets to improve the sustainability of their operations.
For more information visit http://www.researchandmarkets.com/research/pmfn3t/divestment_of
Source: GlobalData