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Oil Giants Brace For Prolonged Price Decline Amid Industry Shift

Oil Giants Brace For Prolonged Price Decline Amid Industry Shift


2025-05-19 09:05:40
(MENAFN- AzerNews)

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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