Tag Archives: Drilling

Politics tamfitronics By Leonard Hyman & William Tilles - Oct 30, 2024, 5:00 PM CDTOil companies have historically underperformed, with reinvestment often eroding shareholder value rather than enhancing it.Unlike other industries, oil companies’ reinvested earnings have frequently decreased shareholder value, making a case for focusing on dividends rather than relentless expansion. Given weak demand and ample supply, further oil production may only lower prices, questioning the wisdom of recent acquisitions and aggressive drilling strategies. No this is not about politics.A while ago, we argued that, facing weak demand and no shortage of supply, oil companies should not put their resources into producing more oil. The industry...