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Majors - Themes from Q2 2014 Results

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Report summary

An underwhelming second quarter for the Majors. Operational concerns overshadowed a promising earnings performance, with investors reacting negatively to further volume declines and uncertainty around the outlook for Russia. Shares were down 6% on average in the days that followed against a wider market fall of 4%. We take a look at some of the key themes that emerged from the Q2 results season.

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    Majors - Themes from Q2 2014.pdf

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