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via finance.yahoo.comBusiness & Companies

Big Oil puts debt reduction ahead of new investments

FROM THE WIRE · FINANCE.YAHOO.COM

The world's biggest oil and gas companies have posted another strong quarter, with just Europe's top six majors booking a collective $38 billion for the July-to-September quarter. Adding Exxon and Chevron, the figure swells considerably. But the supermajors are in no rush to…

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MARKET IMPACTNEUTRAL✦ News Impact agent estimateTone: expected bullishRecord oil major profits on high prices, but cautious spending plans.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
  1. 01Europe's top six majors booked a collective $38 billion in the July-September quarter.
  2. 02Exxon and Chevron posted sharply higher profits versus last year.
  3. 03Oil and gas prices are at their highest in years amid the Middle East conflict.
NEWS IMPACT AND MARKET REACTIONChange since the story · reference
Exxon Mobil CorporationXOMStock177.46 USDMarket closedtoday -1.23%Positive Chevron CorporationCVXStock225.24 USDMarket closedtoday -1.11%Positive BP p.l.c.BPStock47.59 USDMarket closedtoday -0.61%Positive
Impact and summary are estimates by the News Impact AI agent, not financial advice.Open in Markets

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