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BPAQF - Oil: Blood In The Streets We Share Our Views
BP PLC
Co-produced with author The Value Portfolio
Arguably one of the wildest months in oil history, it's hard to imagine that less than a month ago oil prices were almost $55 / barrel Brent, and that less than a year ago, they were approaching $70 / barrel Brent. That drop in stock prices has shattered oil companies. Occidental Petroleum (NYSE: OXY) has dropped more than 85% from its mid-2018 highs. The company was once a shale darling and has lost more than $50 billion in market capitalization.