Finance

$140 billion cash bonanza: European oil and gas set for record year

Oil majors expected to record above-average cash flow for fourth consecutive year, says UK lender

Bullish fundamentals: (From left) Josu Jon Imaz of Repsol, Anders Opedal of Equinor, Patrick Pouyanne of TotalEnergies and Wael Sawan of Shell.
Bullish fundamentals: (From left) Josu Jon Imaz of Repsol, Anders Opedal of Equinor, Patrick Pouyanne of TotalEnergies and Wael Sawan of Shell.Photo: REPSOL/NTB/REUTERS/TOTALENERGIES/AP/SCANPIX
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Published 20 November 2023, 12:47Updated 20 November 2023, 15:43