Thursday, 22 October 20265:43 pm ISTIndia edition

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5:14 pmAmit Shah slams Opposition, says protests will achieve nothing, NDA will form next government in Punjab
5:12 pmDraft GST return forms to be put up on ‘myGov.in’ portal on November 1 for public comments
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5:06 pmNortheast monsoon turns vigorous over Keralam; landslip disrupts rail traffic, orange alert for 9 districts on October 23, 2026
5:04 pmTelangana did not figure among top States with improvements in dealing with POCSO cases
5:04 pmNCPCR can't just forward complaints and await replies: CIC on child abuse claims
5:03 pmFresh voter drive in Uttarakhand from Nov 12: CEO holds all-party meet
4:59 pmKarnataka West Graduates poll: Straight fight on the cards
4:57 pmSC criticises Allahabad HC over 'misplaced sympathy' for releasing 2 convicts on probation
4:57 pmTamil Nadu to spend ₹180 crore over five years on human-wildlife conflict mitigation
4:55 pmMedical body seeks review of Sunny Deol's ‘Suryaa’ over portrayal of doctors
4:51 pmIndia Must Reduce Dependence On Imported Fuel: Avaada Group Chairman Vineet Mittal To NDTV
5:20 pmIndia Vs New Zealand Live Score, 1st T20I: IND beat NZ by 4 wickets and take 1-0 lead in Christchurch
5:14 pmAmit Shah slams Opposition, says protests will achieve nothing, NDA will form next government in Punjab
5:12 pmDraft GST return forms to be put up on ‘myGov.in’ portal on November 1 for public comments
5:12 pmBJP accuses Congress of ‘regime change plot’, terms Rahul Gandhi 'gaddar'
5:10 pmDon't need permission to hoist national flag: Neha Bora to Delhi High Court
SponsoredPut your announcement in this ticker from ₹69/day
5:06 pmNortheast monsoon turns vigorous over Keralam; landslip disrupts rail traffic, orange alert for 9 districts on October 23, 2026
5:04 pmTelangana did not figure among top States with improvements in dealing with POCSO cases
5:04 pmNCPCR can't just forward complaints and await replies: CIC on child abuse claims
5:03 pmFresh voter drive in Uttarakhand from Nov 12: CEO holds all-party meet
4:59 pmKarnataka West Graduates poll: Straight fight on the cards
4:57 pmSC criticises Allahabad HC over 'misplaced sympathy' for releasing 2 convicts on probation
4:57 pmTamil Nadu to spend ₹180 crore over five years on human-wildlife conflict mitigation
4:55 pmMedical body seeks review of Sunny Deol's ‘Suryaa’ over portrayal of doctors
4:51 pmIndia Must Reduce Dependence On Imported Fuel: Avaada Group Chairman Vineet Mittal To NDTV

Business

Big Oil Eyes Record Profits but Keeps Spending in Check

Reported by Oil Price 22 Oct 2026, 4:30 am IST 1 min read

Image: Oil Price. Rights remain with the publisher.

Oil supermajors have been raking it in since the war in the Middle East began. They are now set to report another robust quarter, even as some jurisdictions where they operate plan to slap windfall taxes on them. The question now is what Big Oil will do with these profits.

The answer: it probably won’t be a spending spree. They sure have the money for a spree. If the second quarter is any indication—and it is—oil and gas majors are having a really strong year.

Out of all S&P 500 sectors, Energy booked annual growth of 128.2%…

Read the full report on Oil Price

Story file

Section: Business
First reported by: Oil Price
Reporter: irina slav
Published: Thursday, 22 October 2026, 4:30 am IST
Coverage: One outlet so far

How this page works. The Headline Update lists this report from Oil Price with a short summary and a link to the original. The original reporting and photograph belong to the publisher. Spotted an error in our summary? Tell our corrections desk.