, the industry saw a chance to right the ship, and investors and shareholders encouraged them to hold off on production even as demand started to tick back up. As both prices and demand rose this year, the industry was not in a rush to expand production.So where is all that money going? This time around, the industry is making sure their investors see the cash, with both Exxon and Chevron emphasizing much higher shareholder payouts than before.
. Historically, workers have gotten the short end of the stick at oil companies when times were tough—during the pandemic, Exxon prioritized
I’m shocked.
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