Finance

Supermajor capital distribution takes centre stage amid expectations for smaller second quarter profits

Quarterly results to show double-digit earning declines but positive momentum for European oil sector remains

European oil major chief executives (from left) Bernard Looney of BP, Anders Opedal of Equinor, Claudio Descalzi of Eni and Shell’s Wael Sawan.
European oil major chief executives (from left) Bernard Looney of BP, Anders Opedal of Equinor, Claudio Descalzi of Eni and Shell’s Wael Sawan.Photos: MIQUEL GONZALES/SHELL/AFP/NTB/SCANPIX
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Published 24 July 2023, 11:33Updated 24 July 2023, 15:28