Exxon’s profits leave BP and Shell in the shade
February 03, 2023 | Latest Featured Articles
By Neil Collins You may have noticed that the big oil companies had rather a good time last year. They could hardly fail to make bonanza profits given what was happening to the price of their principal products. Shares in both Shell and BP were among the best UK performers of 2022, and portfolio managers who had abandoned producers of the nasty black stuff lost out badly. Yet on a longer view, both shares look like feeble also-rans when compared to their biggest competitor, Exxon …