Traders make a run on oil companies after the Wall Street Journal publishes a weekend article predicting that major oil companies will cease to exist in the next 10-15 years.
As oil futures reach $140 in June, COP announces its refining margins have fallen.
The company submitted a proposal for a pipeline from Alaska to the continental U.S. to the Alaskan government. Shares rise at optimism over increased sales in the U.S.
The share price rose from USD 66.59 on March 13, 2007, to USD 67.91 on March 14, 2007, as the company expected a long-term growth of 3 percent in production and was also exploring new opportunities in Iraq.
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