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oil industry

An oil drilling rig with a large red "NO" sign over it, symbolizing Big Oil's reluctance to expand drilling, with executives in a corporate boardroom analyzing financial charts in the background.

To ‘Drill, Baby, Drill’ Big Oil Is Saying ‘No, Thanks’

Despite political calls for more drilling, Big Oil is resisting. Instead of expanding operations, major oil companies are prioritizing stock buybacks, dividends, and a cautious approach to long-term investments. Learn why the oil industry is reluctant to drill more, even as energy prices remain high.

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