5-oil-and-gas-companies-set-to-pump-out-cash

5 Oil and Gas Companies Set to Pump Out Cash

Oil and gas companies are heading into earnings season this week with enormous momentum. Refiners, producers and big multinational names like Exxon Mobil (XOM) are likely to post their best earnings results in more than a decade, if not the best ever. High prices for oil and gas and strong balance sheets have benefited the companies and investors.

One metric that investors have been particularly focused on is free cash flow, which includes the cash a company brings in after paying for capital and operating expenses. Oil and gas firms with growing cash flow can more easily pay off their debts and raise their dividends and share-buyback programs. In the coming quarter, several companies are expected to make multiple times as much cash flow as they did in the last quarter. Refiners and big oil companies including Exxon and Chevron (CVX) report this week, while several oil producers report in early August.

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