Investors Can Expect 2 Things From These 3 Oil Giants in 2018
With 2017 drawing to a close, oil companies are starting to turn their attention to 2018. Several recently unveiled their plans for next year, including Hess (NYSE: HES), Suncor Energy (NYSE: SU), and Anadarko Petroleum (NYSE: APC). While each plan had a slightly different focus, two recurring themes stood out. Not only do all three expect production to grow, but each intends to return cash to investors. That combination of growth and income could drive their stocks higher next year, even if oil slips a bit.
Hess has spent the bulk of the past few years sharpening its focus around a few core assets. That led the company to jettison $3.4 billion in assets this year. As a result, the company enters 2018 in a strong financial position.
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Source: Fool.com
