The Oil Giants’ Bet On The Super Cycle: Exxon Mobil And BP


  • I have been a big oil bull since 2020 when I started to place my bets on the oil price super-cycle. In this article, I start by updating my thesis.
  • In light of this discussion, British BP just decided to invest more in fossil fuels, as it sees higher returns and higher demand in its net-zero scenario.
  • Exxon Mobil is also boosting production. However, it remains in a better place as even its renewable projects have high returns.
  • I am bullish on both BP and XOM. However, I would not invest in European majors, as American drillers remain more attractive.
Oil Rig Worker 1.0



Exxon Mobil (NYSE:XOM) and BP (NYSE:BP), two of the largest oil companies in the world, recently released their fourth-quarter earnings, revealing plans to invest in production growth despite subdued global investments in the oil and gas industry. In this article, we will

Disclosure: I/we have a beneficial long position in the shares of XOM, CVX, VLO either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

Additional disclosure: This article serves the sole purpose of adding value to the research process. Always take care of your own risk management and asset allocation.

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