Oil Earnings Have Peaked, Sankey Says

The video discusses the financial strategies of major oil companies like Exxon and Chevron, focusing on their buyback programs and market conditions. It highlights concerns about peak earnings and potential recession impacts. Chevron's strategy is analyzed as a signal for the industry, while global oil supply challenges and cost management issues are explored. The impact of global events, such as the Russia-Ukraine conflict, on oil prices is also examined.

What challenges does Chevron face in increasing production?

Discuss the impact of the Russia-Ukraine situation on global oil prices.

What factors contribute to the current global oil supply crisis?