Billy Bambrough is City A.M.’s deputy news editor. Wednesday 24 August 2016
Some of the biggest global oil majors are being weighed down by record levels of debt.
The drop in the oil price has been blamed for the soaring debt levels. The price of a barrel of oil remains less than half of what it was in the summer of 2014.
The enduring low oil price and soaring debt levels have caused some investors to question whether the majors will be able to fork out for new investments and dividends in coming quarters.