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May 1, 2020

Impact of Covid-19 and depressed oil prices on the European oil and gas

By Agne Suipyte

The business consequences of Covid-19 and subsequent oil markets turmoil have far-reaching implications for the upstream oil and gas business. By analysing a number of metrics across an oil and gas peer group it is possible to scale the associated impact and rank each company accordingly.

The European majors have global operational footprints and are currently taking drastic actions to safeguard company finances and be well-positioned for when the market stabilises.

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