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...I’d be no better than equal weight.” So far this year, the S&P banks index is down about 12 per cent, while the benchmark S&P 500 has risen more than 13 per cent....
...Now it looks more likely to be about 4.4m boe/d. Pavel Molchanov, analyst at Raymond James, says that sluggish growth is the principal reason why Exxon’s share price has underperformed its US rivals....
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