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US Upstream week in brief: Shareholders take center stage in 2017 Q4 earnings
Report summary
Earnings season yields surprises. Several operators increase 2018 shareholder distributions, but at what cost? Is this thematic shift as impactful as it seems? A beefed up carbon credit could incentivize producers to double down on CO2 injection and EOR. But will the benefit be felt by all? Offshore, A&D activity remains dynamic in the Gulf of Mexico, as some operators build scale, and others jump ship.
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