Oil giants brace for prolonged price decline amid industry shift

Azernews.Az

19 May 2025 16:55 (UTC+04:00)

Qabil Ashirov

The global oil industry is bracing for a prolonged decline in crude oil prices, and the world’s largest energy giants— ExxonMobil, Chevron, Shell, and TotalEnergies —are attempting to reassure investors that they are prepared for the worst. The latest quarterly earnings reports indicate a strategic financial restructuring aimed at maintaining stability amid shifting market dynamics.

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