The Outlook for the Big Three Oil Majors

Now that we've got the quarterly reports of the "big three" integrated U.S. oil companies, it's a good time to take a quick look at where Exxon Mobil (XOM), Chevron (CVX) and ConocoPhillips (COP) are and where we might want to invest in this mega-cap space.

If you're a steady reader of my columns, you know where I concentrate my efforts in parsing differences between the majors and in fact among all of the large-cap oil companies: in volume growth. Of course, my advantage is in bringing in the commodity outlook that few analysts can. The first driver of share price is clearly the crude price, and in other columns I've made clear that I believe we've seen the lows in oil prices for 2013, so we must look at energy as an overweight holding for our investing....434 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.

Read the full story and get access to the Real Money Pro trading floor.

There’s no substitute for a trading floor to get great ideas, so Jim Cramer created a better one at Real Money and blogs there exclusively. We then added legendary hedge fund manager, Doug Kass, with his exclusive Daily Diary and best investing ideas. Staffed with more than 4 dozen investing pros, money managers, journalists and analysts, Real Money Pro gives you a flood of opinions, analysis and actionable trading advice found nowhere else, and allows you to interact directly with each expert.

Already a Subscriber? Please login.

Except as otherwise indicated, quotes are delayed. Quotes delayed at least 20 minutes for all exchanges. Market Data provided by Interactive Data. Company fundamental data provided by Morningstar. Earnings and ratings provided by Zacks. Mutual fund data provided by Valueline. ETF data provided by Lipper. Powered and implemented by Interactive Data Managed Solutions.

TheStreet Ratings updates stock ratings daily. However, if no rating change occurs, the data on this page does not update. The data does update after 90 days if no rating change occurs within that time period.

IDC calculates the Market Cap for the basic symbol to include common shares only. Year-to-date mutual fund returns are calculated on a monthly basis by Value Line and posted mid-month.