October 3, 2007
SURGING COSTS BITE PROFITS
Revenues for upstream oil and gas companies grew by a solid 19% in 2006, compared with the previous year, but “a relentless upward march of costs” significantly bit into net incomes during the same period,
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MAJOR RESULTS Of the 17 integrated oil companies on the Oil and Gas Investor This Week scoreboard, ConocoPhillips and Hess Corp. led their peers in production growth in the fourth quarter. Meanwhile, ...more
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