Big Oil Helped by High Prices, but What's Next?
Large multinational oil companies are struggling to increase total production, but earnings haven't been affected by the lack of growth. Higher oil prices and non-core asset divestments continue to make large oil companies immensely profitable, allowing ExxonMobil , for example, to return more than $100 billion to shareholders over the past five years. International majors need to start focusing on organic production growth once again, but with the rise of nationalized oil companies, will Big Oil still get a cut of the crude oil pie?
Controlling crude prices
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This segment is from Thursday's edition of "Digging for Value," in which sector analysts Joel South and Taylor Muckerman discuss energy and materials news with host Alison Southwick. The twice-weekly show can be viewed on Tuesdays and Thursdays. It can also be found on Twitter, along with our extended coverage of the energy and materials sectors: @TMFEnergy.
The article Big Oil Helped by High Prices, but What's Next? originally appeared on Fool.com.Alison Southwick owns shares of ExxonMobil. Joel South, Taylor Muckerman, and The Motley Fool have no position in any of the stocks mentioned. Try any of our Foolish newsletter services free for 30 days. We Fools don't all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
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