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.
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