A forecast of the top five projects by cumulative free cash flow for US majors from 2025 to 2030 highlights the Permian shale play and the Caspian region as standout regions in generating cash. Chevron’s $28 billion from Kazakhstan’s Tengiz field, ExxonMobil’s $14 billion, BP’s $6 billion from Shah Deniz, and TotalEnergies, Eni, and Shell each forecast $5 billion from the Kashagan field.

The Caspian region remains vital in global energy supply, attracting major foreign capital with substantial reserves, established infrastructure, and successful partnerships in countries like Azerbaijan and Kazakhstan. Turkmenistan and Uzbekistan are also improving investment environments, signaling openness to deeper international collaboration.

Despite changing global market conditions, the Caspian region’s vast resources and strategic location ensure continued relevance in the global energy landscape. To sustain growth, countries must maintain transparent investment regimes, update regulatory frameworks, and foster technological innovation to maximize the long-term value of their hydrocarbon wealth and solidify their position as reliable energy partners on the world stage.

Read more at Yahoo Finance: Big Oil’s Billion-Dollar Bet on the Caspian Is Paying Off