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Windfall profits 10 years ago, now a record $184 billion in debt

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Slumping oil prices have led to a record $184 billion in debt for four of the world's largest energy companies.

The Wall Street Journal reports:

"The soaring debt levels are a fresh reminder of the toll the two-year price slump has taken on the oil industry. Just a decade ago, these four companies were hauled before Congress to explain 'windfall profits' but now can’t cover expenses with normal cash flow"

Read the full story here.


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