VOL. XLVI
No 33
18-August-2003
SUPPLY/DEMAND
UBS Sees Majors 2Q Production Reduced By Asset Sales
The international oil and gas majors recorded lackluster production figures in 2Q03 on account of asset sales, according to UBS Investment Research. In the report Integrated Oils: Key Trends on Production/Capex/Exploration Expenditure, published on 30 July, UBS analysts Paul Ting, Neil Quach and Son Vann say that for majors reporting 2Q performance to date (BP, Shell, Amerada Hess, Marathon and...
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