Integrated Oils Midyear Credit Outlook: BI Video

Heightened geopolitical risk has increased oil price volatility and clouded the outlook for the European energy index to extend its market-beating returns into 2H. More aggressive shareholder distributions look set to keep leverage on a upwards path, but most integrated oil companies have sufficient balance sheet headroom to sustain credit quality. Paul Vickars, a senior credit analyst at Bloomberg Intelligence, shares his midyear credit outlook for the integrated oil sector in this brief video, highlighting the main themes and a key name to watch in the second half of the year