Impact of OPEC+ cuts on E&Ps likely a top topic of Q1 upstream earnings calls

The impact of the surprise OPEC+ production cuts in early April that immediately boosted oil prices will likely take center stage in upstream companies’ Q1 earnings calls, as they have the potential to affect capital spending, rig count and output levels. Mergers and acquisitions may also be a target for questions analysts pose to E&P executives as Q1 calls roll…