Big Oil’s Cash Restraint Begins To Cause Worry ...Middle East

OILPRICE - Economy

These past two weeks saw yet another strong quarterly showing for Big Oil despite substantial declines in earnings, following the trajectory of oil pieces since last year. Once again, the supermajors and the large independents were betting on shareholder returns over production growth, sticking to their new, post-pandemic, mid-transition approach. Until now, this approach has been largely praised by the media and analysts. Now, it seems the restraint has started to brew some concern. And maybe it’s time it did. Bloomberg’s Kevin…

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Last updated : 04 August 2023 clock 01:08 AM

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Big Oil’s Cash Restraint Begins To Cause Worry ...Middle East

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