{"id":446724,"date":"2021-11-01T10:20:21","date_gmt":"2021-11-01T04:50:21","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=446724"},"modified":"2021-11-01T11:19:17","modified_gmt":"2021-11-01T05:49:17","slug":"oil-majors-wont-come-running-to-help-world-facing-energy-crunch","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/oil-majors-wont-come-running-to-help-world-facing-energy-crunch\/","title":{"rendered":"Oil majors won\u2019t come running to help world facing energy crunch"},"content":{"rendered":"<p>The world\u2019s biggest energy companies are producing the most cash in years, but don\u2019t expect them to spend it on bringing on fresh supplies of oil and natural gas to combat shortages in Europe and China this winter.<\/p>\n<p>Exxon Mobil Corp., Royal Dutch Shell Plc and Chevron Corp. confirmed this week that, for the most part, they\u2019ll spend their windfall profits on share buybacks and dividends. Capital expenditures will rise next year, but the increases come off 2021\u2019s exceptionally low base and within frameworks established before the recent surge in fossil-fuel prices.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The world\u2019s biggest energy companies are producing the most cash in years, but don\u2019t expect them to spend it on bringing on fresh supplies of oil and natural gas to combat shortages in Europe and China this winter. Exxon Mobil Corp., Royal Dutch Shell Plc and Chevron Corp. confirmed this week that, for the most part, they\u2019ll spend their windfall profits on share buybacks and dividends. Capital expenditures will rise next year, but the increases come off 2021\u2019s exceptionally low base and within frameworks established before the recent surge in fossil-fuel prices.<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[146,130,177],"tags":[],"class_list":["post-446724","post","type-post","status-publish","format-standard","hentry","category-deccan-herald-newspapers","category-newspapers","category-oil-gas-deccan-herald-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/446724","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=446724"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/446724\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=446724"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=446724"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=446724"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}