Crisis in the sector: Oil companies should plan

Investors of large oil and gas companies have already prepare to receive weak results in this first quarter, for account of the current global crisis. In this way, the focus for the following months will to be planning to save money, plus the possibility of cuts after the turbulence in oil prices.

The "Oil Majors", known as the five largest companies United States and Europe (BP, Shell, Exxon Mobil, Chevron, Total), have already announced spending cuts of about 23%. Such a decision would be a response to the free fall in oil demand and the 65% decline in oil prices commodity.

As a means, the pressure on the balance sheets remains Extreme. However, with this maintenance that will take place in the coming months, the expectation is that everything remains stabilized.