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16.09.2015 12:58:00
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Moody's: Plummeting oil prices will squeeze global oil and gas companies' earnings, keeping outlook negative into 2016
London, 16 September 2015 -- Plummeting oil prices will cause cash flow for the global integrated oil & gas industry to contract by 20% or more for 2015, with only a modest recovery expected in 2016, say Moody's Investors Service. This reflects the rating agency's expectation of continued revenue declines and a negative free cash flow profile for the industry in 2015. Moody's outlook for the global integrated oil and gas industry will remain negative into 2016.
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