New troves of oil have been found all over the globe, and oil companies are taking in around $100 for every barrel they produce. But…the world’s largest oil companies are slumping badly…

Shale-Boom Profits Bypass Big Oil

Some of the world’s biggest energy companies are struggling to make money from massive bets on the shale boom in North America, where deposits of oil and gas are proving abundant but not always profitable…

Shale Plays Not Working For Big Oil

Recent revelations and write-downs of shale assets in North America by Shell, ExxonMobil and Chevron support our research that big companies cannot make money on low rate-low volume shale wells.