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Corporate week in brief: BP shows strength in market-beating results
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BP's results exceeded market expectations and bucked a trend of underwhelming results from the Majors, who had reported during the previous week. We take a look at whether operational momentum can be sustained. Read more on this and the following stories: Oil and gas stocks underperform as Brent dips. More big M&A: Kosmos enters deepwater GoM in US$1.23 billion deal. Q2 Results: Cost inflation weighs on US E&Ps; US shale gas players stay cautious; Lundin increases full-year guidance range. Also: Chevron loses out on Rokan PSC extension to Pertamina; Mexico approves ENI's plan for AMT development; ConocoPhillips exits the Barnett.
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