Big Oil Cuts Back as $60 Oil Bites
Big Oil’s early-year optimism has faded. With Brent stuck near $60–$70, shale employment is falling. Forecasts have turned bearish, with talk of sub-$60 Brent and a drop in global upstream capex, raising doubts that majors can sustain current spending and dividends if prices stay low. In their first-quarter financial reports this year, Big Oil majors…
September 11, 2025 • News
