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Commodities Briefing - Categorized | Commentaries, Investment, Oil more

Don’t like how big oil invests? Blame wall street

Posted on 12 April 2013

Wall Street is unhappy with the performance of ExxonMobil’s share price. In the race of Big Oil share prices, Chevron is clearly winning. The discussion of relative share price performance is recently focusing on two things that distinguish the two oil giants. Unlike ExxonMobil, Chevron opted to stay out of Iraq and hasn’t yet purchased a US shale gas company. This begs the question: Who was right?
Wall Street is notorious for taking a short term, even quarterly, view. ExxonMobil has made a business out of taking the long view……………………………………..Full Article: Source


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VRS - who has written 40616 posts on Opalesque Commodities Briefing.


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