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31.10.2025 20:32:30

Oil Majors Bet Big on 2026 Growth

Big Oil Pumps the Brakes on Buybacks, Not Barrels The world’s leading oil companies are moving ahead with output expansions, brushing aside oversupply concerns on the heels of OPEC+ unwinding and largely disappointing Q3 earnings. France’s TotalEnergies kicked off the Q3 earnings call season, with adjusted net income falling 2% year-over-year to $4 billion, whilst ExxonMobil’s net income fell by an even steeper 12% to $7.55 billion.  Apart from OPEC+ countries, US oil majors have also contributed to oversupply concerns in…Weiter zum vollständigen Artikel bei OilPrice.com