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Industry Credit Outlook 2024: Oil and Gas

Published Jan 09, 2024

10 pages (4329 words) — Published Jan 09, 2024

Price US$ 600.00 | Buy this Report Now

About This Report

Abstract:

S&P Global Ratings? Industry Credit Outlook 2024 series sets out our industry experts? assumptions and credit outlook for global industries. For oil and gas, the industry's overall credit profile remains resilient.

Brief Excerpt:

...Oil faces downside risks. Demand growth is slowing to about 1 million barrels per day (bpd) in 2024 from more than 2 million bpd over 2021-2023. Balance sheets are stronger. Producers and refiners have used two years of strong prices and margins to deleverage. Mergers and acquisitions (M&A) increased. Various deals, mostly in North America, signal a desire for quality reserves and critical mass during the uncertainties of energy transition....

Report Type:

Commentary

Ticker

557089Z@CN

Issuer

MEG Energy Corp.

GICS

Oil & Gas Exploration & Production (10102020)

Sector

Global Issuers, Public Finance, Structured Finance

Country

Canada

Region

Canada

Format:

PDF

Tear Sheet: MEG Energy Corp. – 2024/05/02 – US$ 500.00

MEG Energy Corp. – 2024/12/02 – US$ 500.00

Tear Sheet: MEG Energy Corp. – 2025/05/14 – US$ 500.00

Research Update: MEG Energy Corp. Upgraded To 'BB-' From 'B+' On Improved Financial Risk Profile; Outlook Stable – 2023/04/14 – US$ 225.00

MEG Energy Corp. – 2022/06/28 – US$ 500.00

Research Update: MEG Energy Corp. Upgraded To 'B+' From 'CCC+' On Improved Financial Forecasts; Outlook Stable – 2021/04/15 – US$ 225.00

Research Update: MEG Energy Corp. Outlook Revised To Stable From Negative; 'CCC+' Rating Affirmed – 2020/11/18 – US$ 225.00

Research Update: MEG Energy Corp. Downgraded To 'CCC+' From 'B+' On Drastically Lower Oil Price Assumptions; Outlook Negative – 2020/04/01 – US$ 225.00

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S&P Global Ratings’ Credit Research—S&P Global Ratings’ credit research provides analysis on issuers and debt obligations of corporations, states and municipalities, financial institutions, insurance companies and sovereign governments. S&P Global Ratings also offers insight into the credit risk of structured finance deals, providing an independent view of credit risk associated with a growing array of debt-securitized instruments.

About the Author

Cite this Report


MLA:	S&P Global Ratings’ Credit Research. "Industry Credit Outlook 2024: Oil and Gas" Jan 09, 2024. Alacra Store. May 23, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Industry-Credit-Outlook-2024-Oil-and-Gas-3108197>

APA:	S&P Global Ratings’ Credit Research. (). Industry Credit Outlook 2024: Oil and Gas Jan 09, 2024. New York, NY: Alacra Store. Retrieved May 23, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Industry-Credit-Outlook-2024-Oil-and-Gas-3108197>

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