Majors, integrated firms benefit as rising crude prices offset other earnings drag

摘要

Fourth-quarter earnings among major oil corporations andnintegrated oil companies, typically some of the first to reportnquarterly results, were mixed, although the upstream divisionsnof nearly all benefitted from stronger oil prices year-over-year,noffsetting the drag on earnings from fading gas prices, downstreamnearnings weakness and, in some cases, lower production