How Is Big Oil Strategizing in This Environment?

The video discusses Exxon's role in the oil industry, focusing on its cash flow and capital discipline at $70 per barrel. It highlights a paradigm shift in energy, emphasizing cash returns and reduced CapEx. The muted US oil supply response to higher prices is examined, alongside the impact of climate change activism on capital discipline. The discussion also covers Exxon's board strategy, with a focus on maintaining dividends and reducing CapEx to enhance shareholder returns.

What are the expectations for Exxon Mobil's cash returns to shareholders in the near future?

What concerns do investors have regarding the supply response to higher oil prices?

How does climate change activism influence the strategies of fossil fuel producers like Exxon Mobil?