Exxon and Chevron navigate the recession.
Investors looking for safe havens need look no further than the integrated oil companies Exxon Mobil and Chevron for shelter from the financial storm.
It's not so much that these companies are seeing profits grow -- they aren't -- but they had better-than-expected fourth-quarter results, significant cash resources and because they do everything from finding and pumping oil to refining and selling it to motorists, they are benefiting from the recent decline in energy prices in ways that smaller companies cannot.
Full Article : FORBES
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment