We have updated our Terms of Use.
Please read our new Privacy Statement before continuing.

Hey, big spender

31 January 2011 By Christopher Swann

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.

This content is for Subscribers only


Email a friend

Please complete the form below.

Required fields *


(Separate multiple email addresses with commas)