As Crude Fades, Big Oil Must Borrow to Pay Investors

Share buybacks have become a cornerstone of Big Oil's strategy as the post-Covid commodities rally spurred record profits and provided an opportunity to court investors betting against a fast energy transition.

By: Rigzone

Nov 15 2024
1
189 Views

As Crude Fades, Big Oil Must Borrow to Pay Investors — As Crude Fades, Big Oil Must B

Weaker crude prices and refining margins are likely forcing four of the five supermajor oil companies to borrow money to fund $15 billion in share buybacks for the most recent quarter, raising doubts… [+4791 chars]

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