Royal Dutch Shell Plc  .com Rotating Header Image

Big Oil Companies Struggle to Justify Soaring Project Costs

Screen Shot 2013-06-25 at 08.12.06

By Daniel Gilbert and Justin Scheck: Jan. 28, 2014 11:00 p.m. ET

Chevron Corp., Exxon Mobil Corp. and Royal Dutch Shell PLC spent more than $120 billion in 2013 to boost their oil and gas output—about the same cost in today’s dollars as putting a man on the moon.

But the three oil giants have little to show for all their big spending. Oil and gas production are down despite combined capital expenses of a half-trillion dollars in the past five years. Each company is expected to report later this…

FULL ARTICLE SUBJECT TO SUBSCRIPTION and its sister websites,,,,, and are all owned by John Donovan. There is also a Wikipedia article.

0 Comments on “Big Oil Companies Struggle to Justify Soaring Project Costs”

Leave a Comment

%d bloggers like this: