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Feeling unappreciated

25 October 2017 By Pete Sweeney, Christopher Beddor

Results show the Chinese state-owned oil giant has clambered out of a hole. An ill-timed 2013 acquisition of Canada’s Nexen forced relentless cost-cutting which is now paying off. Stubbornly weak crude prices, and China’s electric vehicle push, could cap investors’ appreciation.

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