Oil Majors Bet Big on 2026 Growth

Oil Majors Bet Big on 2026 Growth

Global oil majors are pressing forward with production expansions despite weaker Q3 profits, rising debt, and growing fears of an oversupplied market.

Analysts eye big oil’s spending and acquisition plans

(Oil Price) – Big Oil is reporting third-quarter results this week and next. No surprises are expected—Big Oil has been having an eventful year featuring tariffs, sanctions, and glut predictions—and these events will be reflected in financial reports. Yet analysts are already looking ahead to 2036 and what Big Oil plans to do next. So far, two big oil companies have reported third-quarter figures: Norway’s Equinor and Italy’s Eni. Both demonstrat