Drowning in cash, Big Oil’s biggest challenge is how to spend it

Drowning in cash, Big Oil’s biggest challenge is how to spend it

Earnings reports should offer ideas
For big oil companies, spending too much would defy the new-found commitment to financial discipline, while spending too little could choke new supplies and raise crude prices. Higher prices, in turn, may brighten the appeal of green technologies that would hasten the industry’s demise.
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