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U.S. Oil Explorers Seen Reporting $14 Billion in 2015 Losses

2016-01-27 07:57:19| Oil & Gas - Topix.net

During the next eight days, independent U.S. oil explorers are expected to report 2015 losses totaling almost $14 billion, the result of the steepest price collapse in a generation. Hess Corp. kicks off earnings season for the companies on Wednesday with what analysts predict will be an annual loss of $1.6 billion, its worst performance in at least 28 years.

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