We are now into the meat of earnings season when it comes to big oil, with the major oil companies in all reporting over the next few days. The first of them, Shell (SHEL), did so on Thursday morning, and if what they revealed is repeated on Friday when Exxon Mobil (XOM) and Chevron (CVX) release their Q2 earnings, I will be repeating what I did there, buying on any resulting dip in their stocks.
By the time you read this, of course, you will know whether that transpired or not, and if it did, how that trade fared, at least immediately, but it…Is It Time To Buy Big Oil?
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