PetroEquity podcast

Exploration Made the Majors. Who Still Knows How to Do It?

Jessica and Oberon examine how exploration made the oil majors, why the industry retreated after the 2014 price crash, and how Covid and the energy transition accelerated that decline. They compare ExxonMobil, Eni, TotalEnergies, BP, Shell and Chevron, asking who preserved the capability to find new resources, who lost strategic continuity, and who ultimately had to buy barrels discovered by somebody else.