After a Two-Year Rally, Big Oil Ponders What's Next
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As a famous fictional oil baron once taught, "If you have a milkshake, and I have a milkshake, and I have a straw, there it is."
After a two-year hot streak leading to bumper profits, the oil industry is suddenly facing the cold reality of a slowing economy and possible recession. While Wall Street typically turns tail in times like these, Big Oil is dangling a big carrot courtesy of post-pandemic boom times: hefty dividends.
Source Fool.com
