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IS - Mixed Q3 results as operators aim for strong 2019 finish - November 2019

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With earnings season in full swing, Q3 results from some of the top international oil companies are so far mixed, with BP, Shell and Total reporting earnings losses (PG.1). But while BP and Shell’s results are largely attributable to weaker upstream performance, the French supermajor’s production was actually up in the quarter thanks largely to the rampup of projects launched last year. Statecontrolled firms are likewise reporting ambivalent results, with Norway’s Equinor seeing lower......
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