Big Oil companies ExxonMobil (NYSE: XOM), Chevron (NYSE: CVX), and Total (NYSE: TOT) have been spending amounts of money that you or I can barely comprehend over the past several years. Most of the money in these capital budgeted several years ago to bring mega oil projects online, but those huge capital investments may be starting to wind down. Total has already started to slow its capital spending, and it has made it the best-performing stock in Big Oil this year.
So what can we expect from these companies as these projects come online and how long until they start to spend gobs of money yet again? Tune into the video below to discover the next wave of big spending projects and when we might start to see those start to carve out a sizable chunk of capital spending.
More Foolish insight
With these companies relying more on complex and challenging reservoirs to grow production, they need to know more about what is underground. There is one behind-the-scenes energy company that breaking profit records by the day doing just that, and our chief investment officer has named it "The Motley Fool's Top Stock for 2013." We have put together a comprehensive report outlying what makes this company stand out among the rest. You can get the name of this fast growing energy play. Simply click here and we'll give you free access to this valuable report.