Big Oil Companies are ‘Bleeding’

• BP (NYSE: BP) lost $6.5 billion in 2015, one of the company’s worst on record.
• ConocoPhillips (NYSE: COP) posted a loss of $4.4 billion in 2015.
• ExxonMobil (NYSE: XOM) saw profits halve to $16.2 billion.
• Royal Dutch Shell (NYSE: RDS.A) posted a profit of $3.8 billion, down 80 percent from 2014.
• Chevron (NYSE: CVX) reported a loss of $588 million, its first loss since 2002.

Reference
Oil Intelligence

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