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Coronavirus Pain Drives Big Oil's Dash For Record Debt

Adam Varga in Oil (General)

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Adam Varga    + 123

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The world’s top oil and gas companies locked in cheap borrowing rates to raise a record amount of debt in the second quarter of 2020 and boost cash reserves as a buffer against a collapse in revenues because of COVID-19.
 

https://www.reuters.com/article/us-oilmajors-debt/coronavirus-pain-drives-big-oils-dash-for-record-debt-idUSKBN2481KF

 

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