Marathon, BP close out terrible 4Q for oil sector
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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#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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