{"id":90438,"date":"2023-02-13T19:41:22","date_gmt":"2023-02-13T19:41:22","guid":{"rendered":"https:\/\/funds.palos.ca\/issue-7-in-the-oil-patch-its-about-returning-cash-to-shareholders\/"},"modified":"2023-02-13T19:41:40","modified_gmt":"2023-02-13T19:41:40","slug":"issue-7-in-the-oil-patch-its-about-returning-cash-to-shareholders","status":"publish","type":"post","link":"https:\/\/funds.palos.ca\/fr\/issue-7-in-the-oil-patch-its-about-returning-cash-to-shareholders\/","title":{"rendered":"Issue 7 &#8211; In the Oil Patch, it\u2019s About Returning Cash to Shareholders"},"content":{"rendered":"<p>The world\u2019s five largest oil producing companies are located outside of North America: Saudi Aramco (#1-Saudi Arabia), Rosneft (#2-Russia), Kuwait Petroleum Company (#3-Kuwait), The National Iranian Oil Company (#4-Iran) and The China National Petroleum (#5-China). These companies produce an estimated 3 million to 10 million barrels of oil equivalent per day (boe\/d). By contrast, the largest companies by production in the U.S. are <strong>ExxonMobil Corp (XOM:NYSE)<\/strong> at about 3.8 million boe\/d (Q4\/2022) and <strong>Chevron Corp (CVX:NYSE)<\/strong> at 3.0 million boe\/d of global production (2022). <strong>Suncor Energy (SU:TSX\/NYSE)<\/strong> is Canada\u2019s largest producer exceeding 700 thousand boe\/d (Q4\/2022).<\/p>\n<p>&nbsp;<\/p>\n<p>Follow us on: <a href=\"https:\/\/www.linkedin.com\/company\/palos-management-inc.\/\"><strong>LinkedIn<\/strong><\/a><\/p>\n<p>By Charles Marleau CIM<sup>\u00ae<\/sup> and William Mitchell CIM<sup>\u00ae<\/sup><\/p>\n<p><strong><span style=\"color: #000080;\"><a style=\"color: #000080;\" href=\"https:\/\/funds.palos.ca\/wp-content\/uploads\/2023\/02\/Weekly_Commentary_021323.pdf\">Continue Reading in PDF<\/a><\/span><\/strong><\/p>\n<p>By Charles Marleau CIM<sup>\u00ae<\/sup> and William Mitchell CIM<sup>\u00ae<\/sup><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The world\u2019s five largest oil producing companies are located outside of North America: Saudi Aramco (#1-Saudi Arabia), Rosneft (#2-Russia), Kuwait Petroleum Company (#3-Kuwait), The National Iranian Oil Company (#4-Iran) and The China National Petroleum (#5-China). These companies produce an estimated 3 million to 10 million barrels of oil equivalent per day (boe\/d). By contrast, the &hellip;<\/p>\n<p class=\"read-more\"> <a class=\"\" href=\"https:\/\/funds.palos.ca\/fr\/issue-7-in-the-oil-patch-its-about-returning-cash-to-shareholders\/\"> <span class=\"screen-reader-text\">Issue 7 &#8211; In the Oil Patch, it\u2019s About Returning Cash to Shareholders<\/span> Lire la suite\u00a0\u00bb<\/a><\/p>\n","protected":false},"author":11,"featured_media":90423,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[29],"tags":[],"_links":{"self":[{"href":"https:\/\/funds.palos.ca\/fr\/wp-json\/wp\/v2\/posts\/90438"}],"collection":[{"href":"https:\/\/funds.palos.ca\/fr\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/funds.palos.ca\/fr\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/funds.palos.ca\/fr\/wp-json\/wp\/v2\/users\/11"}],"replies":[{"embeddable":true,"href":"https:\/\/funds.palos.ca\/fr\/wp-json\/wp\/v2\/comments?post=90438"}],"version-history":[{"count":0,"href":"https:\/\/funds.palos.ca\/fr\/wp-json\/wp\/v2\/posts\/90438\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/funds.palos.ca\/fr\/wp-json\/wp\/v2\/media\/90423"}],"wp:attachment":[{"href":"https:\/\/funds.palos.ca\/fr\/wp-json\/wp\/v2\/media?parent=90438"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/funds.palos.ca\/fr\/wp-json\/wp\/v2\/categories?post=90438"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/funds.palos.ca\/fr\/wp-json\/wp\/v2\/tags?post=90438"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}