Big Oil prepares to report third-quarter results amid a tumultuous year of tariffs and sanctions. Analysts are already eyeing 2036 plans for spending, production, acquisitions, and natural gas strategies. Equinor and Eni set the stage, with Equinor missing profit estimates and Eni exceeding them due to higher oil and gas production.

Natural gas takes center stage as Big Oil focuses on LNG projects. Shell’s strong third-quarter performance was driven by its natural gas business, prompting a ten-year priority shift towards LNG. BP is investing in a new LNG plant in Indonesia, while TotalEnergies lifts force majeure on its Mozambique LNG project.

Exxon plans to announce the final investment decision on its Mozambique LNG project, despite canceling a public appearance on the topic. Chevron seals an LNG supply deal and invests in global LNG supply as demand for natural gas rises. Analysts predict supermajors will increase oil and gas output despite lower international prices.

Bloomberg reports that all supermajors are set to increase oil and gas output this year and next, defying predictions of an oversupply. Big Oil remains optimistic about demand resilience, despite gloomy forecasts from the IEA and other transition-leaning analysts. Industry bets on demand strength in the face of lower prices and a shifting energy landscape.

Read more at Yahoo Finance: Analysts Eye Big Oil’s Spending and Acquisition Plans