For a long time, oil and gas companies have provided substantial dividends to investors by allocating a significant portion ...
the consulting firm Rystad Energy said as many as 29 additional American oil exploration and production companies could file for Chapter 11 this year if US crude stalls at $40 a barrel.
the oil companies have announced huge quarterly profits and a bumper year overall. In fact, 2022 has been the most profitable year in history for Big Oil. For example, the largest US oil producer ...
Investors have overlooked the longterm impacts of an oil market meltdown, it said, which is causing US companies to abandon "growth as a strategy" and marks the end of a business model "that broke ...