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Ann: $15m raised to fund Well Test & Cabora Bassa Operations, page-740

  1. 3,014 Posts.
    lightbulb Created with Sketch. 5731
    nice graph - but misleading in this context.

    What you need to explain to folks is the IOC profit needs to be assessed against the equity employed. The graph shows debt and equity, making profit seem miniscule.
 
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