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Goldman Sachs says these 3 Big Oil companies ‘screen as attractive’

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Energy stocks have had a tough year, but Goldman Sachs sees promise in European Big Oil. “We are currently at a turning point as EU Big Oils started to outperform U.S. Big Oils, to potentially close their 40% valuation gap against their U.S. peers,” the investment bank’s analysts, led by Michele Vigna, wrote in a … Read more

‘Excess profits’ of big firms have driven up inflation, report claims

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LONDON — Major companies in the energy and food sectors amplified inflation in 2022 by passing on greater cost increases than needed to protect margins, according to a new report. British think tanks the Institute For Public Policy Research and Common Wealth said in a report Thursday that big firms made inflation “peak higher and … Read more