Overview

• Brent crude prices have fallen to around $66 per barrel, leading the U.S. Energy Information Administration to revise its 2025 price forecast to $67.87 per barrel.
• Chevron is anticipated to reduce share buybacks to the lower end of its $10–20 billion guidance as analysts predict adjustments to capital allocation strategies.
• BP may slow the pace of its share repurchase program, adding pressure on its underperforming stock, according to analysts' expectations.
• Italy’s Eni has cut its 2025 capital expenditure plans while committing to maintain shareholder distributions, including dividends and buybacks.
• Shell projects weaker LNG liquefaction volumes for Q1 but expects improved trading and refining margins to partially offset this decline.