Is Drilling Just Digging Investors Deeper? ...Middle East

No this is not about politics. A while ago, we argued that, facing weak demand and no shortage of supply, oil companies should not put their resources into producing more oil. The industry has an abominably bad record of investing in a way that does not benefit its owners, so why not just give the money back to them in the form of dividends instead of throwing it into holes in the ground? We didn’t get a lot of fan letters for that piece. Plus, right after we aired our opinion, both ExxonMobil and Chevron made huge acquisitions of oil and…

Hence then, the article about is drilling just digging investors deeper was published today ( Thursday 31/10/2024 - 01:05 AM ) and is available on OILPRICE ( Middle East ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.

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