Business Outlook 2018
BUSINESS OUTLOOK 2018
4.4 Share Price Performance
The market has responded positively to the increase in oil price and anticipated pick-up in activity this year with oil and gas supply chain companies seeing a general upward trend in share prices in the second half of 2017.
Figure 14 shows the share price performance of a sample of listed supply chain companies that have a strong UK presence across a number of sub-sectors. It is a positive sign that all sub-sectors have outperformed an indexed Brent price since 2013 with notable recovery since the trough in early 2016. On average, oil and gas supply chain share prices are now almost back to where they were at the beginning of 2013, before both the downturn and unprecedented highs in activity of 2014.
Figure 14: Share Price Performance of Supply Chain Companies
Support and Services
Marine and Subsea
Source: Yahoo Finance, Oil & Gas UK
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