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Big Oil's Enviable Problem: What to Do With All this Money?

Big Oil

Attachment: Graph 2 031723, Graph 1 031723

Editorial by Geoffrey Lakings for Industrial Info Resources (Sugar Land, Texas)--Big Oil is flush with cash, thanks to price and volatility trends that have been unfolding across global energy markets for more than a year.

However, even with this influx of capital, plans are already afoot to pivot away from some of the "supposedly committed" energy transistion/ESG projects. And there is a growing backlash against ESG initiatives in the U.S.

But none of this means Big Oil is dropping its energy-transition/ESG projects. In fact, plenty of related investment was highlighted by IIR's peerless "boots-on-the-ground" research during a recent webinar focused on the industry's future.

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