Latest / Energy Economics with Fexingo: Oil Prices, Renewables, and the Cost of Power
Why Shell Is Spending More on Shareholders Than on Oil Production
Episode 30 of Energy Economics digs into Shell's 2025 annual report showing $23 billion returned to shareholders versus $18 billion in capital spending. Lucas and Luna discuss what this means for oil production growth, energy transition investment, and the signal it sends to investors. They tie it to the recent oil price rebound to $96 WTI and the broader trend of Big Oil prioritizing buybacks and dividends over new drilling. The episode also touches on ExxonMobil and Chevron's similar strategies, and what it means for future supply and energy prices.
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