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Majors - Themes from Q4 2013 results presentations

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20 February 2014

Majors - Themes from Q4 2013 results presentations

Report summary

Value versus volume took centre stage during the Majors Q4 results season.  The main themes were 1) tighter capital discipline with 2014 budgets trending down 2) enhanced shareholder returns funded from organic cashflow and 3) portfolio streamlining with more asset sales in the offing.  

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