┬áIn line with the lowest price volatility in years and stable crude oil prices, cash flow from operations for major energy companies has flattened. Data compiled from quarterly reports suggest that, for the year ending Mar. 31, cash from operations for 127 major oil and gas companies totaled $568 billion, and major uses of cash totaled $677 billion, generating a gap of almost $110 billion, according to a recent study by the US Energy Information Administration . The study noted that to fill the shortfall and increase the overall cash balance, major energy companies have increased net debt by $106 billion and gained proceeds of $76 billion from asset sales. EIA also noted that, during the past 3 years, the gap between cash from operations and major uses of cash has widened in recent years from a low of $18 billion in 2010 to $100-120 […]