ATTENZIONE - OPINIONE IN LIGUA INGLESE

OPINION ABOUT: Oil and Gas Integrated Industry Sector; the consolidated statements of accounts among eleven of major global oil and gas integrated companies collectively account for more than 40% of the entire oil and gas integrated sector market capitalization, with a market value of $1.8 trillion at close of 19th of February 2014. These have been collected and selectively reviewed to speculate about the current market value of this industry, with a specific methodology followed - focusing on operating cash flows, capital expenditures (additions to property, plant and equipment, as well as constructions in progress) and free cash flows.