Browse
related articles
Oil reinvestment rate drops
- Sunday, August 21 - 2005 at 07:40
Oil majors are returning profits made on record high oil prices to shareholders by way of dividends and share buybacks, while the rate at which they reinvest in in R&D is falling, according to a report by investment bank Goldman Sachs. Industry experts say that as the world's oil resources dwindle, new drilling opportunities are located in regions that are difficult to access, physically or politically, and profitable finds require more effort and money.
Related Content
Article Options
James McInerney, News EditorSunday, August 21 - 2005 at 07:40 UAE local time (GMT+4)
Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of AME Info FZ LLC / Emap Limited.
Disclaimer »
Articles in this section are primarily provided directly by the companies appearing or PR agencies which are solely responsible for the content. The companies concerned may use the above content on their respective web sites provided they link back to http://www.ameinfo.com
Any opinions, advice, statements, offers or other information expressed in this section of the AMEinfo.com Web site are those of the authors and do not necessarily reflect the views of AME Info FZ LLC / Emap Limited. AME Info FZ LLC / Emap Limited is not responsible or liable for the content, accuracy or reliability of any material, advice, opinion or statement in this section of the AMEinfo.com Web site.
For details about submitting your stories, please read the guide - all content published is subject to our terms and conditions
