Energy · 1 views
Big Oil’s Production Keeps Soaring Despite Deep Spending Cuts
Some of the world’s largest oil and gas companies have adopted a new modus operandi ever since the historic oil price crash of 2020 devastated energy companies, prioritizing returning more cash to shareholders while expansion plans have…
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Since the 2020 oil price crash, the world’s largest oil and gas firms have shifted focus to returning more cash to shareholders, placing expansion plans on hold.
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