石油红利：布伦特原油 60 美元 桶时代下，哪些企业仍能实现增长-The Oil Gusher_ Who still grows in $60_bbl Brent world

Accessible version The Oil Gusher Who still grows in $60/bbl Brent world Industry Overview Key takeaways Sector strategy: We prefer Oil Services > Big Oil > E&Ps In our Year Ahead 2026 outlook, we show how our $60/bbl Brent oil price forecast squeezes Upstream FCF – leaving shareholder returns and / or balance sheet headrooms most directly under pressure among E&Ps > Big Oils > Oil Services (OFS): The latter sub-sector in our view benefits from positive topline growth as most effective cushion for a soft la ...