Majors See Positives After Q2 Earnings Slump

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The world’s five leading Western oil majors may have all seen their second-quarter earnings slide from recent highs, but BP, Chevron, Exxon Mobil, Shell and TotalEnergies have little reason — or time — to be downbeat. The prospect of tighter markets ahead could bolster flagging realizations and boost cash flows, and the companies felt confident enough to hike dividends even in a softer environment. Controlling costs and finding the right transition strategy remain big challenges, however. Here are Energy Intelligence’s key takeaways from the recent round of disclosures and earnings calls:

Earnings, Corporate Strategy , Capital Spending
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