Supermajors Slim Down to Protect Shareholder Payouts ...Middle East

The world’s biggest international oil and gas firms are accelerating layoffs this year in search of further cost cuts and greater efficiency amid industry consolidation, weaker oil prices, and technology advances.   Big Oil promised investors efficiency and cost savings last year, when oil prices normalized from the highs of $100 per barrel in 2022 that brought windfall profits to the industry in 2022 and 2023. Earnings “normalized” in 2024 and have trended lower from the prior years so far in 2025, prompting the top…

Hence then, the article about supermajors slim down to protect shareholder payouts was published today ( Friday 03/10/2025 - 03:12 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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