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Saturday, December 11, 2010

For Investors Only -- Cash Positions of Energy Companies

For investors, from Rigzone, this is a great article on cash positions of energy companies

Chevron, one of only three companies in the S&P 500 Energy Sector, that has a positive net cash position (more case than long term debt).

Among energy companies, XOM no longer has the distinction of holding the most cash. That now belongs to National Oilwell Varco.

COP had the largest favorable swing in net cash, up $11.8 billion, but it still has more than $20 billion in long-term debt.

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