Big Oil forced to confront some tough choices as 'monster profits' fade into memory

Tamara Ceaikovski

Energy supermajors are being forced to confront some tough choices in a weaker crude price environment, with generous shareholder payouts expected to come under serious pressure over the coming months. U.S. and European oil majors, including Exxon Mobil , Chevron , Shell and BP , have moved to cut jobs and reduce costs of late, as they look to tighten their belts amid an industry downturn. It reflects a stark change in mood from just a few years ago. In 2022, the West's five biggest oil

din zilele anterioare