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"Big Oil is effectively telling the market that it thinks its shareholders can use their money more profitably in other sectors of the economy."

It's a profit warning going long.

You can't be me, I'm taken

by Sven Triloqvist on Tue May 8th, 2007 at 05:50:22 PM EST
about this for a decade.  They were clearly upping returns and minimizing investment in the period when crude was low and refining margins were shit.  Maybe they aren't all wankers after all.  It was the right decision if you had no foresight.  Compare that to Shell that wasted billions on investment with minimal return.
by HiD on Wed May 9th, 2007 at 02:43:49 PM EST
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