Why Many Oil Companies Are Preparing For Bankruptcy Filings | Forbes

The following video is brought to you courtesy of the Forbes YouTube Channel. Click the video below to watch it now.

Like many major industries, the global pandemic has hit the oil and gas sector hard. While consumers benefit from low gas prices, many oil companies are expected to file for bankruptcy in 2020 in order to restructure their finances.

In the past month, Ultra Petroleum, Fieldwood Energy, Whiting Petroleum, Sanchez Energy, Diamond Offshore and others have announced restructurings. More companies are reportedly prepping Chapter 11 filings, including Oasis Petroleum, Denbury Resources, FTS International and that onetime champion of the Great American Fracking Boom: Chesapeake Energy.

Read the full profile on Forbes: https://www.forbes.com/sites/christopherhelman/2020/05/18/oil-is-back-tweets-trump-not-so-fast-says-reality/#5c1d577ad948

Subscribe to FORBES: https://www.youtube.com/user/Forbes?sub_confirmation=1

Stay Connected
Forbes newsletters: https://newsletters.editorial.forbes.com
Forbes on Facebook: http://fb.com/forbes
Forbes Video on Twitter: http://www.twitter.com/forbes
Forbes Video on Instagram: http://instagram.com/forbes
More From Forbes: http://forbes.com

Forbes covers the intersection of entrepreneurship, wealth, technology, business and lifestyle with a focus on people and success.”



Leave a Reply

Recent Posts

Trump Supporters: Get Your 2020 'Keep America Great' Shirts Now!

Are you a proud supporter of President Donald Trump?

If so, you’ll want to grab your 2020 re-election shirt now and be the first on your block to show your support for Trump 2020!

These shirts are going fast so click here to check for availability in your area!


More Popular Stuff for Trump Supporters!

MUST SEE: Full Color Trump Presidential Coin (limited!)

Hilarious Pro Trump 'You are Fake News' Tee Shirt!

[Exclusive] Get Your HUGE Trump 2020 Yard or House Flag!