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Daily Archives: Apr 28, 2016

No living large for oil majors as even they take a savage beating from fall in crude prices

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Integrated oil companies for example Imperial Oil Ltd., its parent Exxon Mobil Corp., and BP PLC are built to be resilient to market downturns, thanks largely to downstream operations that offset upstream woes. But Tuesday’s fourth-quarter results show even they are going for a savage beating in the fall in prices C in Canada, Imperial collected less than $23 a ...

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