The focus on portfolio optimisation was sharpened in the latest round of quarterly reports from majors including BP, ExxonMobil, Chevron, ConocoPhillips, Repsol, Shell, Total and Statoil, financial consultancy EY stated in a report.
Bigger players are seeking to dispose of non-core assets to rationalise their portfolios, while other companies aim to take advantage of asset bargains,
Companies will be seeking to take advantage of opportunities to reshape their portfolios for sustainable competitive advantage
EY's Adi Karev
“With hopes that the worst may be over, at least for most in the industry, attention is now shifting to capital-efficient growth,” EY’s global oil and gas sector leader Adi Karev stated in the report, which reviews key analyst themes in companies’ third-quarter results.
“Companies
