Some oil majors will pay down debt, some will focus on returning cash to shareholders. All are expected to neglect capex, perhaps to the detriment of their business's long-term prospects.
Companies can carry losses back as many as five years in the past, which allows previously profitable companies to mitigate their losses through the pandemic economy.
The $2.25 trillion proposal would pump money into transportation, renewable energy, manufacturing, and other areas of the economy—funded by undoing corporate tax breaks passed during the Trump administration.
