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Big Oil’s Big Paradox: Record Profits, Low Stock Valuations

Por: MarketWatch Business February 11, 2023

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Instead, they’ve been rewarded with bottom-basement valuations, particularly in Europe. The biggest majors there— (ticker: BP), (SHEL), and (TTE)—trade at five to seven times their expected 2023 earnings. That compares with about 11 times for (XOM) and (CVX). Last year, energy was the one safe place to hide from an inflationary economy and a market in free fall. This year, even with persistent inflation, oil stocks are an iffier bet. The... + full article



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