Four NOCs: facing the current demand destruction

FORBES | The oil glut and the unprecedented drop in demand with plummeting oil prices due to the coronavirus pandemic is revealing the strengths and weaknesses of oil firms globally. Hence, we often find ourselves consumed with the stock performance and capital expenditure projections of international oil companies (IOCs): the ExxonMobil’s, BPs and Chevrons of the world. Meanwhile, more than 80 percent of global reserves is in the hands of the National Oil Companies (NOCs). 


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