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Oil: What You Need to Know

Stock quotes in this article: RIG , CVX , XOM , COP , XTO , USO , OIH  

As the price of oil trades around $70 a barrel, how much do you really know about investing in the oil business?

The following are key insights from TheStreet.com.

As a starting point, here are the oil industry's ten biggest earners (based on net income for the second quarter of 2008):

1. Exxon Mobil (XOM): $11.68 Billion
2. Royal Dutch Shell (RDS-A, RDS-B): $11.56 Billion
3. BP (BP): $9.47 Billion
4. Total (TOT): $7.46 Billion
5. Chevron (CVX): $5.98 Billion
6. Petrobras (PBR): $5.52 Billion
7. ConocoPhillips (COP): $5.44 Billion
8. Eni (E): $5.41 Billion
9. PetroChina (PTR): $4.12 Billion
10. StatoilHydro (STO): $3.68 Billion ...

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