ROI-Big Oil's spending caution speaks louder than its profits: Bousso

Big Oil is reaping near record cash windfalls from the eight-month-old Iran war but Western energy producers reluctance to ramp up spending reveals persistent doubts about the industrys long-term outlook BP Chevron Exxon Mobil Shell and TotalEnergies reported combined net profits of 56 billion in the third quarter driven by surging oil and gas prices record-high refining margins and strong trading results