Showing posts sorted by relevance for query xom. Sort by date Show all posts
Showing posts sorted by relevance for query xom. Sort by date Show all posts

Jul 7, 2017

Recent Stock Sale - Oil Stocks (XOM, BP)

I drive a hybrid vehicle and I see more and more electric vehicles on the road everyday. This is a sure sign of things to come and renewable energy has finally come of age.

I've decided to trim back a few energy stocks namely (NYSE:BP) and (NYSE:XOM). These two fossil fuel giants have been struggling in recent years and I think their situation will only get worst unless they quickly diversify their core business.

With proceeds from this sale, I have added more beaten down REITs like (NYSE: HASI) and (NYSE: KIM).

Looking at the charts below of BP and XOM, one cannot help but wonder if ever these two companies will start to grow again.