Continue Reading
Full article on OilPrice.com
Oil Majors Bet Big on 2026 Growth
Market Intelligence Analysis
AI-Powered
Why This Matters
Oil majors are investing in output expansions despite oversupply concerns, driven by OPEC+ unwinding and disappointing Q3 earnings, indicating a bullish sentiment for the oil industry's growth prospects in 2026.
Market Impact
Market impact analysis based on bullish sentiment with 90% confidence.
Sentiment
Bullish
AI Confidence
90%
Article Context
Note: This is a brief excerpt for context. Click below to read the full article on the original source.
Big Oil Pumps the Brakes on Buybacks, Not Barrels The world’s leading oil companies are moving ahead with output expansions, brushing aside oversupply concerns on the heels of OPEC+ unwinding and largely disappointing Q3 earnings. France’s TotalEnergies kicked off the Q3 earnings call season, with adjusted net income falling 2% year-over-year to $4 billion, whilst ExxonMobil’s net income fell by an even steeper 12% to $7.55 billion. Apart from OPEC+ countries, US oil majors have also contributed to oversupply concerns in…
Original article published by
OilPrice.com
on October 31, 2025.
Analysis and insights provided by AnalystMarkets AI.
Analysis and insights provided by AnalystMarkets AI.