Bernstein Advises $75/bbl as a Practical Long-Term Oil Price for Valuations
Bernstein's recent investor note, based on a survey of the world’s 50 largest listed oil and gas companies, identifies $75 per barrel as a sensible long-term oil price for equity valuations. The note reports a temporary drop in global marginal costs in 2025, an expected rebound in 2026, a net income breakeven of $50/bbl, and structural shifts in re…