Isn't a troll the same as a trollop?
7 replies (most recent on top)
Someone needs to explain to cvx leadership what a troll is lol
Hey troll why don't you go ask Shell or XOM? Oh wait you already did...good luck getting anything of value here
This has a chart with all major projects break even points including Chevron's. http://www.businessinsider.com/citi-breakeven-oil-production-prices-2014-11
OP here. Nope, I'm a blue badge who is curious about how bad the overall cuts need to be in order to be profitable going forward. As some posters mentioned below we can't just look at the opex cost due to our many and various capital over runs. Thanks for the comments below.
I've read this damn annoying question on everything board. @ OP do you work for all these companies???
I thought they said our margin per barrel equivalent was higher, not necessarily that our cost was lower. Our realized $ per barrel equivalent has been higher because our portfolio of more oil heavy than our peer group (our peers have more gas counting towards their equivalent barrel calculation). That also means the drop in the price of oil hurts us more.
I remember Watson and Kirkland gloating in a recent televised town hall that we produce a barrel of oil $5 cheaper than the second closest competitor. Is that margin still the same??
Depends where you are at. We talking op cost or whole project cost per bbl? That's how management justifies project cost after they fail the first time. Just ignore the initial investment and look only at op cost. Oooohhh it looks so good now when you discount that initial five billion dollars.
20 bucks pre Watson spending spree. Now 110 Billion worth of capital expenditures has to be accounted for in per unit costs.....so it may be 90 lol. The sad part is this number should be known by everyone in this Enterprise. From the janitor to the Executive.
North Sea opex per barrel is about $20.
depends where you are.... SASBU's OPEX per bbl is around 20, but they also have 3 MCPs and ALNG spending $$$$