looking at their fundamental financial data, to me it looks like an absolute banger of a company. they heavily invested in projects that are going to double their profits from 2024 levels by 2030, which is already starting to reflect in the financial statements (annual on the left side of the graphic, the quarterly data on the right side. What do you think about this one? Unfortunately i cannot upload multiple images with charts regarding their competition (Chevron, Occidental), but this one has me excited the most.
Let me know if you would like to see a post with these charts covering other companies that you like!
Oil and energy stocks are one of the last things that I would put money in long-term. It’s pretty clear that the market hasn’t really priced in the cost of climate change and the bill is coming due faster than people thought. Timing the market to get out is going to be really hard.
In my view, energy is the economy and a well diversified portfolio betting on the growth of the economy should at least consider including energy stocks (in my view a must). Other energy sources such as Nuclear will be the future, but the reality is that the world needs energy sources available now to help transition to clean energy. Until you need to get out the market because demand is not there anymore for oil, the well run energy companies will have returned the initial investment many times over
Alternative post title: Funding our collective planetary demise for fun and profit.
Serious answer: Any investment that isn’t an Index fund is gambling under a different name.
The vanguard ESGV index fund is a good compromise between expense ratio, reliable returns, and avoiding investing in planet killing fossil fuels (it still has a bunch of evil tech companies in it though, including Tesla and Nvidia. It’s extremely difficult to avoid money going toward those shitbags and effectively use the stock market. It’s all fucked).
it’s all gambling, when you buy a stock…you are speculating that current/future dividend payouts will make the price you bought in worth it. (the overwhelming majority of which, dont pay anything).
have you ever read into the history of stock markets? they originated as gambling dens for old-rich people to rip off new-rich people, that core idea has never left the casino. stockholders are bagholders to be screwed over and manipulated, the last ones holding nothing when a company goes tits up. (now, if the company is in good hands…then it might actually be a good bag to hold)
settling for some 10-20% gain in a bull-market via an index fund, just means your playing without understanding all the rules.
There we go for Occidental: Looking like they made huge investments back in 2019 to grow, but those investments do not seem to be profitable, since their income has been very low in the current oil price environment. They really seem to have production costs that are close to the current oil price
___And for Chevron: Looking better, but not showing as much bottom line (profit) growth as Exxon. Exxon is just an amazing capital allocator
