U.S. Shale Strength Mutes Oil Prices While Consolidation Reshapes Oil Industry
• U.S. shale oil production will keep oil prices tempered, benefiting equipment and services companies like Helmerich & Payne
• The merger wave amongst oil companies will continue, with a potential Devon Energy - Marathon Oil deal
• Oil price volatility will persist but the industry will remain profitable overall
• Chevron stock is now at a good value given lower valuations, with stable cash flows and dividend
• Consolidation and scale continue to be key themes in the oil industry