Listed majors earn 16.94 billion in 2015 unless 78 – W Radio

Madrid, Feb 14 (EFE) .- The big oil listed last year earned 16,940 million, 78% less than in the previous year, in an environment affected by the collapse of oil prices that forced them to adopt harsh austerity measures.

with oil around $ 30 a barrel, far from the more than $ 100 accounted in mid-2014, the downturn affected companies such as ExxonMobil, Total, Chevron, Shell, Statoil and BP.

with a loss of 6.482 million dollars, BP scored the worst result in the last 20 years and ended the profits recorded in 2014.

in this context, the company announced the same day the elimination of 3,000 jobs in the areas of refining and sale, which the planned redundancies earlier this year amount to 11,000.

also Norway’s Statoil entered into losses last year, registering a loss of 37,300 million crowns (about 4.365 million dollars) harmed by oil prices and deteriorating assets.

Already in the section on benefits, Royal Dutch Shell won 1.939 million dollars, 87% less, with a fall in turnover of 37%.

in this situation, the company undertook “important changes” to reorganize its exploration and production area to adapt to the new price environment, which will reduce 10,000 jobs.

Chevron earnings were down 76% to 4.587 million dollars, impacted, in addition to oil prices by the strong dollar, weakening its results in other countries.

oil responded to this environment with a strong adjustment costs and a commitment to petrochemical division.

also ExxonMobil was depleted their accounts with a profit of 16,150 million, 50% less, and a decrease in revenue of 35%.

the company vice president, Jeff Woodbury, defended during . presentation of results had “built this business to ensure that it is sustainable in an environment that includes low prices”

the French Total was the only major listed oil companies increased their profits – in 20% to 5.087 million dollars. – driven by extraordinary effects, such as divestments and cost containment program

the CEO of the company, Patrick Pouyanné, said during the presentation of the accounts was confident that prices to return later this year.

the Spanish Repsol, who will present their accounts at the end of the month, moved in late January a loss of 1,200 million euros ( 1,300 million), arising from the accounting effect of provisioning 2,900 million euros to adjust their results to the fall in oil prices.

the company also announced a series of additional austerity measures, including a cut of 20% investment, a deepening of divestments or increased synergies and efficiencies. EFE