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01-25-2011, 09:40 PM
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#1 |
Big Oil to spend profits on discovery, buybacks
Oil companies are set to report healthy profits for 2010. That could mean richer rewards for shareholders, and perhaps more indignation at the gas pump.Oil prices rose 12 percent in the fourth quarter, which likely contributed to sizable gains in fourth-quarter net income.Exxon, BP, Royal Dutch Shell, Chevron and ConocoPhillips should put more More... |
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