Big oil's big payouts under strain
Energy prices fall
A drop in benchmark crude oil prices to below US$70 a barrel last month, their lowest since late 2021, coupled with a sharp decline in profits for refining oil into fuels, is set to cut earnings in the coming quarters.
Ron Bousso - Major energy companies are set to borrow billions to maintain shareholder payouts or cut the rate of share repurchases in the face of a drop in oil prices after more t
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