Low Crude Prices Hammer Big Oil Companies

Author: Bradley Olson and Selina Williams

Excerpt: 

Bern

“The road ahead is going to be a tough one for the majors,” said Gianna Bern, an associate professor of finance at the University of Notre Dame who has advised big oil companies. “The mantra has been to cut spending, reduce head count and wait for higher prices, but it doesn’t look like those are coming any time soon.”