Description: Some of the world’s largest oil companies are reporting pretty ugly earnings. Profits at Exxon Mobil (XOM), the biggest U.S. oil company, are down 27 percent off its worst fourth-quarter earnings in four years. Royal Dutch Shell (RDS.B), Europe’s biggest oil major, saw its profits tumble 48 percent.
Source: Businessweek.com
Date: Jan 31, 2014
Questions for Discussions:
- What are the problems facing Big oil?
- What are the solutions?
- How should investors deal with this phenomenon?
Leave a Reply