Even with clean balance sheets, oil and gas drillers exposed to rate increases
S&P Global | December 21, 2023
Gaurav Sharma, Assistant Director, Acuity Knowledge Partners recently shared his expert insights on how oil and gas producers are facing headwinds from rising interest rates with S&P Global. According to him, if demand for oil and gas declines, producers could see their profits shrink and their share prices fall.
‘If this environment sustains for a longer period, it will eventually impact oil and gas companies' future cash flows (due to higher interest rate payout and lower income due to low demand and prices)’, he adds.
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