Prediction: You Won't Recognize ExxonMobil in 2040
It's often said that an old dog can't be taught new tricks. Folksy wisdom to be sure, but in business, it's evolve and lead or risk getting left behind. When i
It's often said that an old dog can't be taught new tricks. Folksy wisdom to be sure, but in business, it's evolve and lead or risk getting left behind.
When investing for the long term, market participants want to find companies that aren't just performing well today but are also making moves to position for long-term success. What the right moves are vary from industry to industry, but among oil stocks, ExxonMobil (NYSE: XOM) is a prime example of a name that's rewarding today and could be even more rewarding down the road.
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By the time the next decade starts, and certainly by 2040, the version of ExxonMobil investors see is likely to be starkly different from the one they see today. That could be a good thing.
There are only so many ways to cook an oil production omlette. Exploration and production companies primarily drill offshore or on land in shale regions such as the Permian Basin in West Texas. Limitat
Fuente original: Yahoo Finance (https://finance.yahoo.com/energy/articles/prediction-wont-recognize-exxonmobil-2040-172500656.html)
Esta información no constituye asesoramiento de inversión. Consulte con un profesional antes de tomar decisiones financieras.