Sign in

    Ramchandra Kamath

    Research Analyst at Barclays PLC

    Ramachandra Kamath is an Assistant Vice President at Barclays Investment Bank in New York, specializing in equity research on the energy sector with a particular focus on Middle Eastern companies. He has been involved in coverage and analysis of specific firms such as Adnoc Distribution, Adnoc Drilling, Adnoc Gas, Adnoc Logistics & Services, and Fertiglobe, contributing to research notes that highlight a strong return profile—like an average return on capital employed of 20% across their portfolio, compared to 11% for US and European peers. Kamath began his current role at Barclays following earlier experience as an Assistant Vice President elsewhere, and he has quickly established a profile within the industry through his contributions to Barclays’ strategic research coverage. He holds professional banking and investment credentials appropriate for his role, likely including FINRA registration and securities licenses, aligning with industry requirements for US-based analysts.

    Ramchandra Kamath's questions to OMV AKTIENGESELLSCHAFT /FI (OMVKY) leadership

    Ramchandra Kamath's questions to OMV AKTIENGESELLSCHAFT /FI (OMVKY) leadership • Q1 2025

    Question

    Ramchandra Kamath of Barclays asked about the outlook for chemical margins in the second quarter, considering the increase in European cracker operating rates alongside demand challenges. He also inquired about the evolution of feedstock costs given lower oil prices and the potential impact on joint venture volumes.

    Answer

    CFO Reinhard Florey responded that while refinery margins have been volatile, they remain stable enough to maintain utilization, and he sees opportunities for chemical volumes. He highlighted that olefin prices rose significantly in April. Regarding feedstock, Florey noted that the light feedstock advantage in Nordic crackers might be slightly lower as lower oil prices benefit naphtha, but falling gas prices at the start of Q2 could offset this, creating a balanced picture of risks and opportunities.

    Ask Fintool Equity Research AI

    Ramchandra Kamath's questions to OMV AKTIENGESELLSCHAFT /FI (OMVKY) leadership • Q1 2024

    Question

    Ramchandra Kamath of Barclays PLC asked about the refining outlook, questioning why middle distillate cracks had weakened despite a strong indicator margin and whether this was a seasonal effect or indicative of a broader demand decline.

    Answer

    Executive Alfred Stern clarified that the strong Q1 refining margin of nearly $11/bbl was a mixed picture. He attributed the weakness in middle distillates to lower heating oil demand from a warmer-than-usual winter and some variability in diesel demand. He noted that a slightly weaker start in April supported maintaining the full-year guidance at $8/bbl.

    Ask Fintool Equity Research AI