Financial Review: Second-Quarter 2019
Release date: September 19, 2019
Next release date: December 2019
Key findings
- Brent crude oil daily average prices were 9% lower in second-quarter 2019 than in second-quarter 2018 and averaged $68 per barrel
- The 117 companies in this study increased their combined liquids production 4.6% in second-quarter 2019 from second-quarter 2018, and their natural gas production increased 5.0% during the same period
- Nearly half of the companies were free cash flow positive—that is, they generated more cash from operations than their capital expenditures
- Dividends plus share repurchases were nearly one-third of cash from operations, slightly lower than the six-year high set in first-quarter 2019
