Bevan: Production Puts Downward Bias on Oil Pricing

The video discusses the current state of the oil market, focusing on OPEC's role and the impact of non-OPEC producers like the US, Russia, and Norway. It highlights the potential downward bias in oil pricing due to excess supply and explores investment implications, recommending Chevron and Exxon as key stocks. The video also contrasts these with European companies like BP and Shell, emphasizing their strengths in liquid natural gas and dividend capacity.

What is the current production level of the three large non-OPEC producers?

• 150,000 barrels a day

• 300,000 barrels a day

• 190,000 barrels a day

• 250,000 barrels a day

Which two stocks are recommended for investors considering the current oil market?

• Total and Schlumberger

• BP and Shell

• Chevron and Exxon

• Gazprom and Rosneft

What concern is raised about the exploration and production companies?

• They have stable prices

• They are merging with service companies

• They are overvalued

• They are undervalued

Why are Chevron and Exxon preferred over European companies like BP and Shell?

• Higher oil reserves

• More exploration projects

• Better cash flow and dividend capacity

• Stronger presence in Asia

What is a key feature that shareholders will observe in Chevron and Exxon?

• More mergers and acquisitions

• Higher oil prices

• Progressive dividend

• Increased market share