“If we look at aggregate amounts, companies in the GCC energy sector do not face higher funding costs than other regional corporates, or even banks. In fact, funding costs for the energy sector are currently lower than for other corporates and relatively in line with those of Russian peers and the oil majors.”

–A S&P report assessed how GCC National Oil Companies’ are positioned for the accelerating impact of energy transition.  It concluded that, “”Notably, we believe these players’ large and abundant reserves, good cash flow visibility, and attractive cost-competitive profiles could mean they are the last ones standing among oil producers.” [Menafn]