It is earnings season and the Oil Companies are not doing well at all. Chevron has posted a loss and is set to be cutting on all fronts. Exxon-Mobil has also been challenged as well with its' latest earnings reports as BP just also came out with its' earnings report with the biggest loss in history.
Our team caught BP's CEO on how he was "optimistic" about the future based on his assessment. Although his optimism may be welcome to the existing investors, we believe his optimism is not warranted with the current realities. As we went to press, Oil again dropped. We found it of special interest though as we saw one of the leading mining companies committed to a future which should also give pause to the Oil Companies:
Our team caught BP's CEO on how he was "optimistic" about the future based on his assessment. Although his optimism may be welcome to the existing investors, we believe his optimism is not warranted with the current realities. As we went to press, Oil again dropped. We found it of special interest though as we saw one of the leading mining companies committed to a future which should also give pause to the Oil Companies:
|
No comments:
Post a Comment