Big Oil cash flow could top $100 billion in third quarter. Which supermajor will come out on top?

Analysts see ‘positive earnings momentum’ underpinned by ‘fragility’ of global energy markets

Refining boon: Chief executives Josu Jon Imaz of Repsol; Anders Opedal of Equinor; Patrick Pouyanne of TotalEnergies and Wael Sawan of Shell. — Refining boon: Chief executives Josu Jon Imaz of Repsol; Anders Opedal of Equinor; Patrick Pouyanne of TotalEnergies and Wael Sawan of Shell.Photos: REPSOL/JEFF GILBERT/DN/TOTALENERGIES/AP/SCANPIX

Davide Ghilotti

London

Barclays RBC Capital Markets Equinor BP Shell

Published 16 October 2023, 09:45Updated 17 October 2023, 12:41