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Teekay Tankers Ltd   (TNK)
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Teekay Tankers Ltd 's Customers Performance

TNK

 
TNK's Source of Revenues Customers of Teekay Tankers Ltd saw their costs of revenue drop by -104.23 % in Q4 compare to a year ago, sequentially costs of revenue grew by 9.08 %, for the same period Teekay Tankers Ltd revnue deteriorated by -6.09 % year on year,

List of TNK Customers




Customers of Teekay Tankers Ltd saw their costs of revenue drop by -104.23 % in Q4 compare to a year ago, sequentially costs of revenue grew by 9.08 %, for the same period Teekay Tankers Ltd revnue deteriorated by -6.09 % year on year,

List of TNK Customers


   
Customers recorded net loss in Q4 Customers recorded net loss



Teekay Tankers Ltd 's Customers, Q4 2020 Revenue Growth By Industry
Customers in Oil And Gas Production Industry -20.56 %   
Customers in Oil & Gas Integrated Operations Industry -34.22 %   
Customers in Professional Services Industry      8.9 %
Customers in Transport & Logistics Industry      5.78 %
     
• Customers Valuation • Segment Rev. Growth • Segment Inc. Growth • Customers Mgmt. Effect.


Teekay Tankers Ltd 's Comment on Sales, Marketing and Customers



Demand for oil tankers is a function of several factors, including world oil demand and supply (which affect the amount of crude oil and refined products transported in tankers), and the relative locations of oil production, refining and consumption (which affects the distance over which the oil or refined products are transported).
Oil has been one of the world’s primary energy sources for a number of decades. The International Energy Agency (or IEA) estimated that oil consumption will increase from 92.5 million barrels per day (or mb/d) in 2014, to 93.6 mb/d in 2015 driven by increasing consumption in non-OECD countries. A majority of known oil reserves are located in regions far from major consuming regions, which contributes positively toward demand for oil tankers.


The distance over which crude oil or refined petroleum products is transported is determined by seaborne trading and distribution patterns, which are principally influenced by the relative advantages of the various sources of production and locations of consumption. Seaborne trading patterns are also periodically influenced by geopolitical events, such as wars, hostilities and trade embargoes that divert tankers from normal trading patterns, as well as by inter-regional oil trading activity created by oil supply and demand imbalances. Historically, the level of oil exports from the Middle East has had a strong effect on the crude tanker market due to the relatively long distance between this supply source and typical discharge points. Over the past few years, the growing economies of China and India have increased and diversified their oil imports, resulting in an overall increase in transportation distance for crude tankers. Major consumers in Asia have increased their crude import volumes from longer-haul producers, such as those in the Atlantic Basin.


Teekay Tankers Ltd 's Comment on Sales, Marketing and Customers


Demand for oil tankers is a function of several factors, including world oil demand and supply (which affect the amount of crude oil and refined products transported in tankers), and the relative locations of oil production, refining and consumption (which affects the distance over which the oil or refined products are transported).
Oil has been one of the world’s primary energy sources for a number of decades. The International Energy Agency (or IEA) estimated that oil consumption will increase from 92.5 million barrels per day (or mb/d) in 2014, to 93.6 mb/d in 2015 driven by increasing consumption in non-OECD countries. A majority of known oil reserves are located in regions far from major consuming regions, which contributes positively toward demand for oil tankers.


The distance over which crude oil or refined petroleum products is transported is determined by seaborne trading and distribution patterns, which are principally influenced by the relative advantages of the various sources of production and locations of consumption. Seaborne trading patterns are also periodically influenced by geopolitical events, such as wars, hostilities and trade embargoes that divert tankers from normal trading patterns, as well as by inter-regional oil trading activity created by oil supply and demand imbalances. Historically, the level of oil exports from the Middle East has had a strong effect on the crude tanker market due to the relatively long distance between this supply source and typical discharge points. Over the past few years, the growing economies of China and India have increased and diversified their oil imports, resulting in an overall increase in transportation distance for crude tankers. Major consumers in Asia have increased their crude import volumes from longer-haul producers, such as those in the Atlantic Basin.








TNK's vs. Customers, Data

(Revenue and Income for Trailing 12 Months, in Millions of $, except Employees)



COMPANY NAME MARKET CAP REVENUES INCOME EMPLOYEES
Teekay Tankers Ltd 0 886 87 1,239
Apa Corporation 8,171 4,308 168 4,950
Devon Energy Corp 17,559 4,503 -640 6,600
XTO Energy Inc. 0 0 0 0
Eog Resources Inc 48,156 10,008 63 3,000
Broadridge Financial Solutions Inc 19,255 295 877 0
Exxon Mobil Corporation 259,222 184,491 -19,685 75,300
Hub Group Inc 2,507 3,576 78 2,568
SUBTOTAL 354,870 207,182 -19,140 92,418


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