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US Upstream week in brief: Shareholders take center stage in 2017 Q4 earnings
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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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