The oil and gas giants have fallen on tough times. We’re not talking can’t-afford-a-meal tough — they still have billions in cash lying around — but not-raking-in-billions-in-profit tough. Booms and busts have always rocked this industry, so executives could make a case for sitting on their cash until oil prices rebound and prosperous times return.
Or maybe the energy markets are changing and there won’t be a familiar status quo to go back to.
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