Some of the key questions that are answered in the article are:
1-๐๐ค๐ฌ ๐ฌ๐๐ก๐ก ๐ฉ๐๐ง๐๐๐๐จ ๐๐๐๐๐๐ฉ ๐ค๐๐ก ๐๐ฃ๐ ๐๐๐จ ๐ข๐๐ง๐ ๐๐ฉ๐จ?
2-๐พ๐๐ฃ ๐ค๐๐ก ๐๐ฃ๐ ๐๐๐จ ๐๐ค๐ข๐ฅ๐๐ฃ๐๐๐จ ๐๐ค๐ฅ๐ ๐ฌ๐๐ฉ๐ ๐ก๐ค๐ฌ๐๐ง ๐ฅ๐ง๐๐๐๐จ?
3-๐๐๐ก๐ก ๐๐ค๐ข๐ฅ๐๐ฃ๐๐๐จ ๐๐ช๐ฉ ๐๐๐ฅ๐๐ญ ๐ค๐ง ๐๐๐ซ๐๐๐๐ฃ๐?
4-๐๐๐ก๐ก ๐ฃ๐๐ฌ ๐ช๐ฅ๐จ๐ฉ๐ง๐๐๐ข ๐ฅ๐ง๐ค๐๐๐๐ฉ๐จ ๐๐ ๐๐๐ก๐๐ฎ๐๐?
5-๐๐๐ก๐ก ๐ ๐๐ค๐ฌ๐ฃ๐ฉ๐ช๐ง๐ฃ ๐จ๐ฅ๐๐ง๐ ๐&๐ผ?
6-๐๐ค๐ฌ ๐ค๐๐ก & ๐๐๐จ ๐๐ค๐ข๐ฅ๐๐ฃ๐๐๐จ ๐๐ง๐ ๐ง๐๐ฉ๐๐ ๐ค๐ฃ ‘๐พ๐ค๐ง๐ฅ๐ค๐ง๐๐ฉ๐ ๐๐๐จ๐๐๐ก๐๐๐ฃ๐๐ ๐๐ฃ๐๐๐ญ’
Conclusion
The bigger players will look to make the most out of a downturn. US Majors can use high share price ratings to build portfolios further. NOCs may look to diversify internationally. EuroMajors facing the steepest production declines next decade on our forecasts will also look to seize the opportunity to strengthen portfolios for the 2030s. Modestly rated equity though could prove a constraint on ambition.
