The Financial Post reports in its Tuesday edition that Big Oil faces challenges under Donald Trump's presidency, with lower crude prices and trade tariffs straining finances and raising doubts about shareholder returns. A Bloomberg dispatch to the Post reports that BP is particularly vulnerable, with rising debt and expected quarterly share buybacks cut by up to $1-billion (all figures U.S.). Similarly, Chevron is under pressure, likely to reduce its buybacks by 5 per cent as crude prices fall into the $60s. Other majors like Exxon Mobil, Shell and Totalenergies may also mull slowing spending on new projects amid market instability. TD Cowen's Jason Gabelman says: "For the trade war at the moment, it probably makes it a bit harder to make any investment decisions. It wouldn't be shocking if you see some of these project decisions get pushed out." Big Oil's unease was on clear display in Oklahoma City last week, when Occidental Petroleum chief executive officer Vicki Hollub told a room full of energy, tech and government officials that for all its passion for oil and gas, the Trump administration lacks a holistic energy plan. Already, companies are changing their investment plans for 2025 to bolster their balance sheets.