US majors outperform Europeans: DW

MAJOR cost reduction measures by the world's super-majors responding to plummeting oil prices will not save their Q1 2015 earnings, which London consultancy Douglas Westwood expects to be the weakest in recent memory.

However, DW research analyst Antoine Paillat says operational and financial indicators for FY2014 show that recent performance among the big five - Royal Dutch Shell, BP, ExxonMobil, Total and Chevron


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