Overview
Making money in Papua New Guinea is the hope of Oil Search, which holds stakes in the country's Gobe, Hides, and Kutubu oil and gas projects. Founded in 1929, Oil Search is Papua New Guinea's largest exploration and production company, with proved and probable reserves of 94.3 million barrels of oil and 2,370.7 billions of cubic feet of gas in 2013. Total net production from its 29%-interest PNG LNG Project fields was another 6.74 million barrels
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Read More of oil equivalent in 2013. Oil Search also explores for oil and gas in the Kurdistan region of Iraq and Tunisia. In 2013 an HSBC unit owned 22% of Oil Search; a JP Morgan unit about 20%; and Independent Public Business Corporation, 15%.
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Read More of oil equivalent in 2013. Oil Search also explores for oil and gas in the Kurdistan region of Iraq and Tunisia. In 2013 an HSBC unit owned 22% of Oil Search; a JP Morgan unit about 20%; and Independent Public Business Corporation, 15%.
Read Less
KEVIN THOMAS GALLAGHER
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Financial Statements
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Financial data as of ? (12 month period) in USD
Annual Revenue 2020
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USD
Actual
All financial statement data is in millions except per share data | Source: Morningstar
| Cash Flow (mil) | 2020 | 2019 | 2018 |
|---|---|---|---|
| Net Operating Cash | $ | $ | $ |
| Net Investing Cash | -$393 | -$813 | -$811 |
| Net Financing Cash | $132 | -$143 | -$458 |
| Net Change in Cash | $145 | -$204 | -$415 |
| Cash at Beginning of Period | $396 | $601 | $1,015 |
| Cash at End of Period | $541 | $396 | $601 |
| Capital Expenditure | -$392 | -$812 | -$809 |
| Assets (mil) | 2020 | 2019 | 2018 |
|---|---|---|---|
| Current Assets | |||
| Cash and Cash Equivalents | $541 | $396 | $601 |
| Accounts Receivable | $105 | $146 | $151 |
| Inventories | $128 | $104 | $90 |
| Other Current Assets | $94 | $146 | $90 |
| Asset Summary | |||
| Total Current Assets | $868 | $792 | $932 |
| Tangible Fixed Assets | $9,234 | $9,611 | $8,834 |
| Intangible Assets | $ | $ | $ |
| Total Assets | $11,388 | $11,573 | $10,674 |
| Liabilities (mil) | 2020 | 2019 | 2018 |
|---|---|---|---|
| Current Liabilities | |||
| Accounts Payable | $187 | $337 | $322 |
| Short-Term Debt | $691 | $622 | $354 |
| Other Current Liabilities | $91 | $161 | $95 |
| Liability Summary | |||
| Total Current Liabilities | $969 | $1,121 | $771 |
| Long-Term Debt | $2,226 | $2,757 | $2,939 |
| Other Long-Term Liabilities | $ | $ | $ |
| Total Liabilities | $5,818 | $6,314 | $5,508 |
| Stakeholder's Equity (mil) | 2020 | 2019 | 2018 |
|---|---|---|---|
| Equity | |||
| Common Stock | $3,857 | $3,158 | $3,152 |
| Retained Earnings | $1,712 | $2,102 | $2,019 |
| Equity Summary | |||
| Total Equity | $5,570 | $5,258 | $5,166 |
| Shares Outstanding | 2,077,850,664 | 1,564,872,226 | 1,563,727,070 |