Is Big Oil About to Take Its Foot Off the Pedal?
Big Oil companies ExxonMobil , Chevron , and Total have been spending amounts of money that you or I can barely comprehend over the past several years. Most of the money in these capital budgeted several years ago to bring mega oil projects online, but those huge capital investments may be starting to wind down. Total has already started to slow its capital spending, and it has made it the best-performing stock in Big Oil this year.
So what can we expect from these companies as these projects come online and how long until they start to spend gobs of money yet again? Tune into the video below to discover the next wave of big spending projects and when we might start to see those start to carve out a sizable chunk of capital spending.
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The article Is Big Oil About to Take Its Foot Off the Pedal? originally appeared on Fool.com.
Fool contributor Tyler Crowe has no position in any stocks mentioned.You can follow him on Twitter @TylerCroweFool. The Motley Fool recommends Chevron and Total (ADR). Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
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