Great stuff as usual. Scary as hell however! It seems like Exxon and Chevron were the only super majors to strictly commit to oil and gas. They were unfairly attacked by several “activists investors “ but they did what was best for the business. They didn’t buy into the renewables propaganda. unlike the European super majors who burned billions in capital only to eventually face the music. Reminds me of Toyota not going all stupid on BEV models like nearly all other auto makers. Those are some excellent management teams imo.
Great stuff as usual. Scary as hell however! It seems like Exxon and Chevron were the only super majors to strictly commit to oil and gas. They were unfairly attacked by several “activists investors “ but they did what was best for the business. They didn’t buy into the renewables propaganda. unlike the European super majors who burned billions in capital only to eventually face the music. Reminds me of Toyota not going all stupid on BEV models like nearly all other auto makers. Those are some excellent management teams imo.
Great points - and it seems like Toyota will be the winner in the hybrid game - good management, good numbers, and good for their investors.