Shareholder returns back in focus Themes from the oil majors’ Q1 2021 earnings calls | Brunswick

Shareholder returns back in focus Themes from the oil majors’ Q1 2021 earnings calls

The oil majors reported resilient results for the first quarter, with management teams expressing confidence in a vaccine-led recovery in demand.

However, they cautioned that the recovery will be uneven, with demand for aviation fuel likely to remain weak in the near-term and some large economies experiencing a new wave of COVID infections. Against this backdrop, Analysts focused on capital allocation priorities with particular interest in the outlook for improving shareholder returns.

Read Brunswick's full report here.