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EIA Financial Review of 97 Global E&P Companies

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EIA issued its 2nd quarter financial review of the E&P industry, found here. Highlights:

Production is declining for the first time since the beginning of 2014 (click to enlarge).

EIA second quarter production

Companies are losing cash (click to enlarge):

EIA cash balance change

Profit is down to zero (click to enlarge):

EIA profitability

Debt increased (click to enlarge):

EIA debt

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John McFarland
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