Do Big Oil Investors Have a Right to Be Angry?
Investors are storming the front doors of Big Oil's corporate headquarters!
OK, so it's not that bad, but there has been a lot of clamor from shareholders in companies such as ExxonMobil and Chevron due to poor stock performances over the past couple of years. One thing they are hoping for is a change in these companies' spending habits. The past five years have been full of mega oil and gas projects that have totaled hundreds of billions of dollars, but most have yet to come online. To be fair to Big Oil, though, these types of investment decisions are made to secure decades of production. As Royal Dutch Shell's CFO put it, these companies cannot make 30-40-year investment decisions on the whims of headlines and stock price moves.
Do investors have a right to be angry? Tune into the video below to find out whether investors should gather up the torches and pitchforks or hang on to management's direction a little longer.
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The article Do Big Oil Investors Have a Right to Be Angry? originally appeared on Fool.com.Fool contributor Aimee Duffy has no position in any stocks mentioned. Fool contributor Tyler Crowe has no position in any stocks mentioned. You can follow them on Twitter @TMFDuffy and @TylerCroweFool, respectively. The Motley Fool recommends Chevron. 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.