The "trillion pound" oil fund the government believes Britain could have built
Published . Updated .
For the first time, the Treasury calculates how much the UK could have raised by investing North Sea proceeds.
Directly affected
- No company is named in this report.
Indirectly affected
- XOM Exxon Mobil
Oil producers earn more when crude prices rise
- CVX Chevron
Oil producers earn more when crude prices rise
- OXY Occidental Petroleum
Oil producers earn more when crude prices rise
- COP ConocoPhillips
Oil producers earn more when crude prices rise
- VLO Valero
Refiners' profits move with crude and fuel prices
- MPC Marathon Petroleum
Refiners' profits move with crude and fuel prices
- XOP SPDR S&P Oil & Gas Exploration
A fund of oil and gas producers
- XLE Energy Select Sector SPDR
A fund of energy companies
- USO United States Oil Fund
This fund moves with oil prices
- OIH VanEck Oil Services
Oilfield services rise when drilling follows oil prices
Price reaction, T-5 to T+3
For the first time, the Treasury calculates how much the UK could have raised by investing North Sea proceeds.
Source: BBC
How solid the energy case looks
12 out of 100
“The "trillion pound" oil fund the government believes Britain could have built” scores 12 out of 100. The score uses 1 sources.