Oil majors:
ExxonMobil (USA), Chevron (USA), Royal Dutch Shell (UK and Netherlands), BP (UK), TOTAL (French)
Traditionally, being an oil major has meant being a fully vertically integrated company from oil exploration, drilling, refining, and chemical production. ExxonMobil continues to fulfill that role, but they are much more than an oil company today. Although they are typically billed as an oil AND gas company. They are much more.
Business Model Overview
- What does it mean to be an Energy Company
- Durability
- Competition
- Quality
- Growth
- Capital Allocation
- Value
- Potential Errors
- Conclusion
Show Notes available at DIYInvesting.org
The full show notes for this episode, including my outline for today’s podcast, are available at https://www.diyinvesting.org/Episode12
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