Many large companies in the Integrated Oil and Gas sector have seen profits take off in the second quarter as several different factors have caused oil prices to continue rising. Companies in the sector such as Chevron Corp. and BP plc have both made significant gains in their stock prices this year.
Many large companies in the Integrated Oil and Gas sector have seen
profits take off in the second quarter as several different factors have caused
oil prices to continue rising. Companies in the sector such as Chevron Corp.
and BP plc have both made significant gains in their stock prices this year. Chevron
in particular has performed well. Investors can register for free to access the
research reports on Chevron Corp. and BP plc at
www.stockcall.com/CVX020811.pdf
or
www.stockcall.com/BP020811.pdf.
There are concerns about the future of the industry though, as world oil demand
continues to rise and many oil companies find it increasingly difficult to
increase, or even maintain their production levels.
Unrest in
North Africa
and the Middle-East, and
expensive taxes and fees being charged to oil companies by many national
governments may have limited the amount of oil that companies are able or
willing to pump out of some volatile and expensive areas. These kinds of issues
abroad may help drive big oil companies to refocus their efforts back to the
offshore oil drilling in the
U.S.
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