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To: Daflye who wrote (4144)4/29/1999 6:56:00 PM
From: Sleeperz  Read Replies (1) | Respond to of 5827
 
Oil supermajors to soon earn $10 bln each-brokers

biz.yahoo.com

LONDON, April 29 (Reuters) - The world's three largest publicly
listed oil companies will each earn $10 billion in annual net income
in the early years of the next century, according to a study by
brokerage BT Alex Brown.

The size of BP Amoco (quote from Yahoo! UK & Ireland: BPA.L), Royal Dutch Shell (quote from Yahoo! UK & Ireland: SHEL.L) and the soon to merge Exxon Mobil (XON - news) (MOB - news) puts them in a league of their own in an oil industry transformed by mergers and restructuring in 1998, the April study said.

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"Oil will survive a long time. These Billion $$$ companies are
not going to let their cash cow die.

CL