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Critically analyze the statement 'The petroleum industry is also highly capital- intensive, so strong returns are critical to attracting low-cost debt and equity capital. In
Critically analyze the statement 'The petroleum industry is also highly capital-
intensive, so strong returns are critical to attracting low-cost debt and equity capital. In
fact, while many of the integrated companies have the cash flow and financial wherewithal
to fund capital spending internally, they frequently rely on external debt and new equity
capital, particularly to finance larger acquisitions and mergers'.
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