| At first glance, the future may look pretty bright for the large Western integrated oil companies like ExxonMobil, BP, Royal Dutch Shell, and Chevron – collectively known as Big Oil. Oil prices have risen dramatically over the past decade and continue to hover just above $100 per barrel, while US natural gas prices have rebounded nicely since hitting a low of under $2 per Mcf in the spring of 2012.
But despite relatively high commodity prices, there are some very serious threats facing Big Oil companies – challenges that could meaningfully constrain their long-term earnings power, ability to grow their dividends, and share price performance. Let's take a look at three of the biggest ones...............................................Full Article: Source
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