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Saturday, 28 May 2016

Big Oil's big spending shouldn't freak investors

Hey, big spender

At first blush, the industry's lavish capital spending plans for 2011 smack of desperation for scarce resources. The U.S. giants will burn through $60 bln more than in the 2008 peak despite yielding tepid cash flow. But patient investors can anticipate higher returns to come.

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