Breakeven at Big OilIn a recent WSJ article, “BP says it will need oil at $60 a barrel to balan

Breakeven at Big OilIn a recent WSJ article, “BP says it will need oil at $60 a barrel to balance cash generation against capitalexpenditures and dividends…Chevron is targeting $50 a barrel with the help of asset sales.” Explain howyou think companies make these assessments using a break-even type of calculation.

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