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Oil Majors’ Costs Have Risen 66% Since 2011

Posted by BFP Staff on Mar 3, 2017 at 09:55 AM

By Nick Cunningham of Oilprice.com
The oil majors reported poor earnings for the fourth quarter of last year, but many oil executives struck an optimistic tone about the road ahead. Oil prices have stabilized and the cost cutting measures implemented over the past three years should allow companies to turn a profit even though crude trades for about half of what it did back in 2014.

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