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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