The Blackstone Group L.P.

Wal-Mart stayed on top as its sales crept closer to half-a-trillion dollars. Apple moved into the top five. And UnitedHealth Group continued its steady climb. 

Fortune 500

Key Financials

Revenues ($M)

Profits ($M)

Assets ($M)

Total Shareholder Equity

Market Value ($M)

Profit As A % Of

Profit as % of Revenues

Profits as % of Assets

Profit as a % of Shareholder Equity

Earnings Per Share

Earnings Per Share ($)

EPS % Change (from prior fiscal year)

Total Return To Investors

Total Return to Investors (last year)

Total Return to Investors (5 year, annualized)

Get insights into The Blackstone Group L.P. including business profile, stock information, news, and rankings from Fortune.

The Blackstone Group L.P. (BX): Company Profile, Stock Price, News, Rankings

legacy

the blackstone group l.p.

Companies

The Blackstone Group L.P. | Fortune

The Blackstone Group L.P. (BX): Company Profile, Stock Price, News, Rankings | Fortune

Steve, not long ago you said that it's a wonderful time to invest in energy. Best opportunity in many years, to quote you. And, that's when oil was trading at $ 60 a barrel. Do you still feel that way? The rest of the world saw that opportunity at that point, and the public markets basically responded by allowing companies to issue equity. To rescue themselves, and it diminished the need for capital from firms like ours. Well guess what? It's back at the same price again. So how do you feel about investing in energy these days? So at that price, it's very interesting. And we're doing a lot of Extensions of credit and debt, and there are companies that are going to need that. Where do you see the opportunities, and what are you avoiding when you look at the energy sector? The issue with the energy sector is what assumption do you need in the future for oil prices to make money, and If it's too high, you can't make that investment. So right now, the opportunities are very much in the credit side, because there's gonna be a lot of re- valuations Of the value of reserves in energy companies. Well, all of this depends on where the price of oil is. Yes, that's correct. There are a lot of predictions out there, some calling for $ 20 oil. Where do you think oil prices are gonna go, let's say, in the next six months? Well, I asked the chairman of Exxon that, who We would assume he's better informed than I am and he said, I have no idea. Who knows? It'll be in some kind of range. We think the range is sort of over the next year or two of $ 40 to $ 60. Range could be a tiny bit below, tiny bit above, but that's what we think. [ BLANK_AUDIO ]

Blackstone CEO Stephen A. Schwarzman talks with Fortune's Susie Gharib about his predictions for oil prices.

What’s next for oil prices?

Energy

Blackstone CEO on his predictions for oil prices.

The Blackstone Group L.P.

The Blackstone Group L.P. stock chart

Videos