US shale oil companies rake in "tsunami of cash"

US shale oil companies are enjoying a cash bonanza, amid soaring global oil prices and months of capital restraint. These market dynamics are transforming the fortunes and balance sheets of a sector once notorious for debt-fuelled drilling sprees.

US shale oil companies rake in "tsunami of cash" US shale oil companies rake in "tsunami of cash" US shale oil companies rake in "tsunami of cash" US shale oil companies rake in "tsunami of cash" US shale oil companies rake in "tsunami of cash"

 

These operators will rake in around US$180 billion of free cash flow (operating income minus capital and maintenance outflows) in 2022 at current crude prices, according to research company