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Majors - Themes from Q2 2013 results presentations
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Report summary
The Majors' Q2 2013 results did little to quell a growing mood of investor scepticism around the outlook for the group. Earnings were down across the board and there was little to boost confidence in future growth prospects - production was flat or down for most, and Shell dropped its 2017 target. Investment is on the up and finances are tightening - the Majors remain net sellers of assets as a result.
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