Oil giants don't know what to do with their fall: The world's largest oil companies are currently swimming in cash after posting the third-largest quarterly profit in history, but unlike usual, they are struggling to spend that cash. ExxonMobil and Chevron are hoarding their cash, BP has sorted out its debts and financial liabilities, and two companies, "Shell" and "TotalEnergies", have also promised to be cautious in future investments. All these signs indicate an industry that has learned from its extravagance in previous boom periods and now thinks current high prices will not last long. ExxonMobil and Chevron also recorded significant profits in the third quarter; Exxon's profits more than doubled Chevron's profits almost threefold. Wael Sawan, CEO of Shell, emphasized in a meeting with analysts that the company prioritizes financial discipline and will not allow excess money to tempt them into hasty spending. According to him, this is the same mistake that happened in the past both in the oil industry as a whole and in Shell, but this time they learned from it. Details of the report are on the Global Economy website channel

Oil giants don't know what to do with their fall: The world's largest oil companies are currently swimming in cash after posting the third-largest quarterly profit in history, but unlike usual, they are struggling to spend that cash. ExxonMobil and Chevron are hoarding their cash, BP has sorted out its debts and financial liabilities, and two companies, "Shell" and "TotalEnergies", have also promised to be cautious in future investments. All these signs indicate an industry that has learned from its extravagance in previous boom periods and now thinks current high prices will not last long. ExxonMobil and Chevron also recorded significant profits in the third quarter; Exxon's profits more than doubled Chevron's profits almost threefold. Wael Sawan, CEO of Shell, emphasized in a meeting with analysts that the company prioritizes financial discipline and will not allow excess money to tempt them into hasty spending. According to him, this is the same mistake that happened in the past both in the oil industry as a whole and in Shell, but this time they learned from it. Details of the report are on the Global Economy website channel