Somethings not right here23 Aug 2019 08:58
If most of the energy companies are saying they make almost NO profit from us, why did CNA put this in their last rns.
The outlook is more positive for the second half of the year and we expect this momentum to continue into 2020, while we expect to meet our cash flow and net debt targets for 2019.
Today we have announced our intention to exit oil and gas production. This will complete our shift towards the customer, as we focus on our distinctive strengths, with an emphasis on helping our customers transition to a lower carbon future. This major refocusing of our portfolio will unlock further efficiencies enabling us to be even more cost-competitive, as we focus on being a leading Energy Services and Solutions provider."
It looks to me like they are going to focus even MORE on the end consumer over the next year and at the same time improve profits.