# Big Oil Puts Debt Reduction Ahead of New Investments

- Source: OilPrice.com
- Published: 2026-11-03T23:00:00+00:00
- Category: Markets
- Original: https://oilprice.com/Energy/Crude-Oil/Big-Oil-Puts-Debt-Reduction-Ahead-of-New-Investments.html
- Canonical: https://groundlevelnews.com/story/big-oil-puts-debt-reduction-ahead-of-new-investments-1cef93/

The world’s biggest oil and gas companies have posted another strong quarter, with just Europe’s top six majors booking a collective $38 billion for the July-to-September quarter. Adding Exxon and Chevron, the figure swells considerably. But the supermajors are in no rush to start spending that windfall. The oil and gas industry is having the exact opposite year to 2020. The war between the United

_Ground Level News shows a short summary only; the full article and all rights belong to OilPrice.com._