Oil companies’ profits hit by quest for crude price exposure

The drop in big oil companies’ profits in the past eight months isn’t just a function of lower crude prices – it also reflects strategic choices. A Reuters examination of corporate filings by some of the biggest players in the industry, including BP , Shell and France’s Total , shows the sensitivity of these companies’ earnings to changes in oil prices has risen in recent years.

via Oil & Gas News http://ift.tt/1ao4wkX

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