Big Oil’s investors took a bruising for nearly three years as oil prices bumped along decade lows. Now they want payback.They’re willing to punish companies that don’t meet their standards, and their standards are awfully high. On their wish list: immediate returns, spending discipline, and, at the same time, more production. Here are three big takeaways from a mixed earnings season, where demands on Big Oil were laid bare.Profit isn’t enough: The world’s biggest companies from Royal Dutch Shell to Chevron Corp are starting to churn out profit like it is $100-a-barrel oil again. They have trimmed a lot of …read more
Source: Gulf times
