Yeah but remember we probably averaged $75/bbl or higher for oil for the quarter, not $50ish where it is now. Also companies that had hedging will soften the blow in reporting. If oil stays low it wont be until the end of the quarter we will really see the impact & even then hedging will still offset some of what would have been lower returns imo.
Its like STO actually had a reasonable quarter with raised production albeit on average lower prices, but nothing near the prices they are receiving right now.
Dividends OK, page-112
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$6.79 |
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| Open | High | Low | Value | Volume |
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