SHEL - BP Vs Exxon Mobil: Which Oil Stock Is The Better Buy?

• XOM’s Q1 2022 was all about expansion of production and building up cash reserves in these uncertain times. Not a word about exit from fossil fuels.
• BP’s Q1 2022 was all about transition, but BP will still be predominantly an oil & gas company in 2030 and beyond.
• A report shows that existing production and committed projects must be reduced by 50% to limit warming to 1.5C. This has huge implications for all oil & gas majors.
• Given the above it is clear that BP is better prepared for the massive change coming than is XOM, but neither company is well positioned to cope. In the short term XOM may make a lot of money, but even it seems uncertain how long the good times will roll.
• The short term dividends will continue to flow, but I think it is a good time to avoid investment in either BP or XOM.

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