Marathon, BP close out terrible 4Q fo...

Marathon, BP close out terrible 4Q for oil sector

There are 1 comment on the San Jose Mercury News story from Feb 3, 2009, titled Marathon, BP close out terrible 4Q for oil sector. In it, San Jose Mercury News reports that:

The list of the world's biggest oil companies stung by crude's swift collapse grew by two on Tuesday, as BP PLC and Marathon Oil Corp.

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Homesteader

Calgary, Canada

#1 Feb 3, 2009
I wonder why the losses? How did they manage to make it to the swift increase in crude prices last year, they should have been bankrupt 2 years ago with $40 dollar oil because they didn't have the benefit of $140 oil like they had this past year. Something stinks when you watch these multi nationals grow while their commodity prices linger between $20 and $40 dollars, then spikes to $140 and comes back down to $40+ and they are all losing. Come on now, I don't buy it, not this time.

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