In a spooky week in oil, Third Quarter results were released for some of the worlds largest and most powerful oil and gas companies and there were some surprising results. Low prices, reduced production, and slashed operating costs forced companies like ExxonMobil and Chevron to report massive losses while others like Shell and BP surprised investors and the world by turning a profit during a tumultuous third quarter.
Second Round Scaries
In this week’s episode of the Periodical Podcast, your hosts Kevin and Tavis highlight the second wave of coronavirus cases in many major developed oil-consuming economies has rekindled fears that