| Big Oil Still Reigns Supreme |
|
| Written by Miranda Marquit | |
| Friday, 13 July 2007 | |
|
Big Oil show no signs of going away, as it dominates the Fortune Global 500 list. Even though Exxon (XOM) lost its throne to Wal-Mart as the world's largest company, it is still number two. And the rest of Big Oil appears to be doing just fine as second quarter earnings roll in and Fortune puts together its Global 500 list. Big Oil continues to fly high with more than adequate earnings, and this means that these stocks are likely to remain staples of energy portfolios for quite some time. CNN Money reports on how Big Oil continues to dominate earnings:
And with some predicting that a green blacklash will soon end the current love affair with alternative energy investing, that means more dollars for Big Oil to pick up in the future. If you're looking for up-and-coming Big Oil players, you might consider Sinopec (SHI). The Chinese oil company busted into Fortune's Global 500 list's top 20 this year, and with demand for oil set to explode in developing Asian economies (especially China and India), it looks as though Sinopec may be well placed for the future. Disclosure: I do not own XOM or SHI.Site disclaimer.
Big Oil 
Investing Ideas/Stocks 
Miranda Marquit 
XOM 
Comments
(0)
Tag it:           | |
View all articles by this author |
|
| Last Updated ( Thursday, 19 July 2007 ) | |
| < Prev | Next > |
|---|
| Company Profiles |
| Individual Profiles |
| Movie Reviews |
| Culture-Celebrity |
| Opinions |
| Staff Recommendations |
| Resources |
 ThePanelist Latest Postings Alternative Energy Christian Investing Climate Women Neubert's Trades Social Culture Technology |
Copyright © 2006 - 2008 ThePanelist.com.
Subscribe to this comment's feed