Big Oil Has $150 Billion in Cash and Investors Want a Share

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Big Oil Has $150 Billion in Cash and Investors Want a Share
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Wall Street has a few ideas on how oil-and-gas companies should spend their mountain of cash

Photo Illustration by Emil Lendof/The Wall Street Journal; iStockOil-and-gas companies have built up a mountain of cash with few precedents in recent history. Wall Street has a few ideas on how to spend it—and new drilling isn’t near the top of the list.

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