Big Oil had good 2011, despite 4th-quarter slump - Houston Chronicle

By
Viraj
on January 25, 2012 8:01 AM | | TrackBacks (0)
After gangbuster results earlier in 2011, giant integrated energy companies are set to report lackluster fourth-quarter earnings starting Wednesday, and it has a lot to do with the price of oil in London.

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The results will take some shine off an otherwise strong 2011 for Big Oil as benchmark U.S. crude prices rose 20 percent and often exceeded $100 a barrel in trading on the New York Mercantile Exchange . The major public oil companies - Exxon Mobil Corp., Royal Dutch Shell , BP, Chevron Corp. and ConocoPhillips - are expected to report that their refining arms took a hit in the quarter.

Big Oil had good 2011, despite 4th-quarter slump - Houston Chronicle

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This page contains a single entry by Viraj published on January 25, 2012 8:01 AM.

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