Big Oil Makes Big Moves Back to America
In this video from Tuesday's special New Year's Eve edition of Investor Beat, host Chris Hill and Motley Fool energy analyst Taylor Muckerman break down the biggest stories in energy from 2013 and look ahead to what energy investors can expect in the coming year.
ConocoPhillips will focus 55% of its budget on the United States in 2014, and other companies are making similar moves. Apache is selling off Egyptian assets that were weighing down the company's share price to move back into the Permian Basin.
In this segment, Taylor points to the broader trend here that took place in 2013 and is expected to continue into 2014 -- America's continued dominance as a play for Big Oil companies, which have been "reshoring" by moving operations back into the United States and out of some of the geopolitically riskier plays overseas. Taylor also discusses what this trend means for investors, and which companies stand to profit.
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The article Big Oil Makes Big Moves Back to America originally appeared on Fool.com.Chris Hill has no position in any stocks mentioned. Taylor Muckerman has no position in any stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. Try any of our Foolish newsletter services free for 30 days. We Fools may not 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.