Anyone has a rough estimate of what our cpb is? With oil hitting low 30s soon, we must be bleeding money big time
11 replies (most recent on top)
$94 Trust me, I know the numbers
It's really sucks that SJVBU TTA has been the chevron cash cow paying for all these mismanaged MCP oversees and now chevron decides to save thier precious engineers who can execute a project within thier budget and give them the jobs of people who have kept lifting costs down and make money!
SA is just shy of $3 per barrel. Just so you know.
So true @F0ZOj2E-1wdb - I'd say drop it about 30%
Chevron posted only positive quarters for Upstream. So either, they are selling assets and saving the realization of tax breaks, or they are still making money. Whatever published costs you see, lower it at least 20-30% for reduced contractor prices and abandoning expensive projects.
OP - we do publish this. Here is the chart you need - the number crunching gets complicated very quickly so use this with caution: http://static.cdn-seekingalpha.com/uploads/2015/4/5/20214951-14282066002472904-Christoph-Aublinger.png
OK, the OP here - thanks for the lesson. I'll repost and will use "lifting cost" instead
http://lmgtfy.com/?q=Production+cost+per+barrel+of+oil
To the OP, even in an industry dominated by TLAs, "cpb" doesn't even hit the radar. The common industry term is "lifting cost", you obvious f*cking troll!
In Argentina is$77. What a good deal! That's Chevron Way! Poor Argentinians...
I don't know exactly, but I remember 2 years ago, Watson often touted our cost to produce a barrel of oil was $5 cheaper than our closest competitor. I wonder if we still maintain that same margin?