The oil and gas industry is looking to the future with caution, and plans for expanding production of fossil fuels appear to be limited.
At the Enercom Energy Investment conference in Denver this week, the oft-repeated mantra among CEOs was that they will use the bulk of their profits to pay down debt and return money to investors through stock buybacks and dividend payments, with significantly less emphasis on major new capital investments. In addition, executives highlighted their commitment to environmental, social, and governance (ESG) principles for producing cleaner energy and addressing social justice issues.
