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Big Oil’s Surprisingly Bright Future. The Case for BP and Exxon.

Por: MarketWatch Business October 21, 2022

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So much for that. The plunge turned into a surge, and the top oil-and-gas companies ended up rolling in cash. Exxon (ticker: XOM) is now a stock market star, with a gain of more than 60% in the turmoil of the past 12 months. (CVX) is up nearly 50%. What’s more, the future has brightened considerably. Instead of being destroyed by the energy transition, Big Oil has emerged in a remarkably strong position to profit from it. Because of deals... + full article



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