Profits Plummet for Big Oil Companies

Before you go, we thought you'd like these...
Before you go close icon

Large integrated oil companies have been grossly underperforming this past quarter, as the sub-industry is reporting a 17% decline in revenues year over year. Even the biggest oil company in the world, ExxonMobil , couldn't reverse the trend, as it reported a 57% drop in earnings.

In this week's edition of The Motley Fool's energy-focused show Digging for Value, energy analysts Joel South and Taylor Muckerman dive into earnings releases from two large integrated major oil companies. 

With both United States and international crude benchmark prices over $100, investors are moving back into the industry. If you're on the lookout for some currently intriguing energy plays, check out The Motley Fool's "3 Stocks for $100 Oil." For free access to this special report, simply click here now.


The article Profits Plummet for Big Oil Companies originally appeared on Fool.com.

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.

Copyright © 1995 - 2013 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.

Read Full Story

Want more news like this?

Sign up for Finance Report by AOL and get everything from business news to personal finance tips delivered directly to your inbox daily!

Subscribe to our other newsletters

Emails may offer personalized content or ads. Learn more. You may unsubscribe any time.

From Our Partners

Nature Gets Revenge On Safari Hunter Who Killed Elephants And Lions For Sport Nature Gets Revenge On Safari Hunter Who Killed Elephants And Lions For Sport
Man Suspects His Wife Is Cheating On Him - Then His Daughter Reveals What's Really Going Man Suspects His Wife Is Cheating On Him - Then His Daughter Reveals What's Really Going
Don't Get Too Close To a Newborn Giraffe Unless You Want to Get Kicked in the Nuts Don't Get Too Close To a Newborn Giraffe Unless You Want to Get Kicked in the Nuts