Netback

Word NETBACK
Character 7
Hyphenation N/A
Pronunciations N/A

Definitions and meanings of "Netback"

What do we mean by netback?

The value of a unit of crude oil or natural gas calculated as the sales price of the products refined from it minus the cost of producing those products. noun

Here you will find one or more explanations in English for the word netback. Define netback, netback synonyms, netback pronunciation, netback translation, English dictionary definition of netback.

Synonyms and Antonyms for Netback

  • Synonyms for netback
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The word "netback" in example sentences

According to the company, it was able to get operating profits (called 'netback' in oil industry jargon) of around 83% of the proceeds of the sale of oil and gas in India, after accounting for operating expenses and government levies. ❋ Unknown (2010)

Q: For the readers who are not familiar with the term, can you define "netback"? ❋ Unknown (2010)

"This increase will be a strong indication that the government indeed intends to keep domestic gas prices on the growth path to netback parity," said Ron Smith , analyst at Citibank in Moscow. ❋ Jacob Gronholt-Pedersen (2011)

The executive flew to London in August to discuss the netback terms. ❋ Daniel Yergin (2008)

The netback contracts obviously meant that there was no longer an official Saudi price. ❋ Daniel Yergin (2008)

So the two companies came up with an innovative solution—what would become known as “netback pricing.” ❋ Daniel Yergin (2008)

As word circulated around the global marketplace in late September and early October of 1985 about the Saudi netback deals, nervousness and anxiety rose. ❋ Daniel Yergin (2008)

The Saudis moved from a defense of price to a defense of volume—their own desired level of output—and chose an ingenious weapon: netback deals with the Aramco partners and with other oil companies strategically located in key markets. ❋ Daniel Yergin (2008)

But the Saudis were also careful not to be too confrontational; their aim was to regain their quota level, and no more, and they put a cap on the volume that would be covered by their new netback deals. ❋ Daniel Yergin (2008)

"The group's foray into MIBK will diversify its solvent portfolio and enable a greater opportunity to increase the average netback of acetone exported," it explained. ❋ Unknown (1995)

The fundamental changes in Saudi crude-oil pricing policy ... securing a significantly greater share of the world export market through netback pricing ... has been primarily responsible for the dramatic decline in world oil prices since the beginning of the year ... ❋ Unknown (1986)

The above information includes non-GAAP measures not defined under IFRS or previous generally accepted accounting principles "GAAP", including funds flow, funds flow per share-basic, funds flow per share-diluted, netback and payout ratio.

Penn West is also selectively developing an inventory of other high deliverability, high netback plays.

Cross Reference for Netback

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What does netback mean?

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