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What Would Big Oil Invest In? E-mail
Written by Miranda Marquit   
Thursday, 02 October 2008

Does Big Oil see which way the wind is blowing (and where the sun is shining)?
What Would Big Oil Invest In?
Photo: (nz)dave, Creative Commons, Flickr

While still just a drop in the bucket comparatively speaking, the fact remains that many Big Oil companies have started investing in alternative energy (hat tip: To a Greener Tomorrow). And while a great deal more of an investment is needed to truly make a shift away from fossil fuels, we're at least off to something of a start.

Perhaps it's time to see where Big Oil is putting its money. Then we can get an idea of where our own money might be best served in terms of alternative energy investing:

  • Chevron (CVX): $2.5 billion (2007-2009) on various projects, including algae biofuel.
  • ConocoPhillips (COP): Claims to be searching for wind and solar power investments.
  • Royal Dutch Shell (RDS-B): Focusing on thin-film solar. Joint ventures opening solar plants in Japan and Germany.
  • BP (BP): Plans to invest $8 billion over a decade on various initiatives from solar to wind to biofuel.
  • ExxonMobile (XOM): Is investing in the hybrid car market.

And with the stock market where it's at right now, it might be a good time to look at companies that are fundamentally promising, and buy up some of the stock. Of course, the problem is trying to figure out which of the fledgling alternative energy companies are most likely to take off and thrive...

Disclosure: Right now, I do not invest in Big Oil stock. I do have some alternative energy investments, mostly as part of funds.

Site disclaimer.
Alternative Energy  Automobiles  BP  Big Oil  COP  CVX  EthanolBiofuels  Miranda Marquit  Wall Street  XOM 

Comments (1)add
...
written by sigh , October 03, 2008
This author is obviously an idiot. Big oil is doing what it always does - patent hunting!!!

If you obtain all the patients, you control the market -- drinking your oil.

Open your friggin eyes.
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Miranda Marquit
About the author:
Miranda is journalistically trained freelance writer who enjoys working out of her home nestled in the beautiful Cache Valley in Utah.
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Last Updated ( Sunday, 12 October 2008 )
 
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