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Story summary
- In 2025, U.S. oil firms are set to gain $63 billion in additional cash flow as oil exceeds $100 per barrel after the U.S.-Iran conflict.
- Exxon Mobil Corporation and Chevron Corporation prioritize shareholder returns over reinvestment, keeping capital spending flat despite record profits.
- The strategy contrasts with historical production expansion during price surges.
- Gas prices rose 40 cents in one week, fueling inflation and raising recession fears to 25%.
