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Can Big Oil Repeat Its Big Year?

By: Yossel in TT | Recommend this post (0)
Mon, 23 Jan 12 4:50 PM | 46 view(s)
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HEARD ON THE STREET

JANUARY 23, 2012.

Can Big Oil Repeat Its Big Year?

LIAM DENNING Even today, $1.67 trillion is a lot of money. That is the amount wiped off the combined market capitalization of the top 50 energy companies between the end of 2007 and the end of 2011. Breaking it down offers big clues on Big Oil's prospects for 2012.
Every year, PFC Energy, a Washington, D.C.-based consultancy, ranks the top 50 listed energy companies in the world by market value. The latest, due Monday, has a surprise. The biggest gainers in 2011 were the dinosaurs of oil and gas: the supermajors. Their collective value increased by 8%, compared with a 7% decline ...

LIAM DENNING

link-
http://online.wsj.com/article/SB10001424052970203750404577173191238523960.html?mod=markets_newsreel




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