but is not quite there yet… Here is the WSJ:
“The company’s new oil-price break-even goal of $35 to $40 a barrel contrasts with its current predicament. BP said in early February that it had to raise its break-even oil price to $60 a barrel, and Jefferies, the investment bank, says it is actually higher than $69 a barrel, the highest among the big Western oil companies.
According to Jefferies, Royal Dutch Shell PLC, Exxon Mobil Corp. and Chevron Corp can all break even this year at under $50 a barrel.”
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