
Is Big Oil’s Renewable Energy Push Credible—and Good for Investors?
Exxon and its kin were laggard stocks for a long time, but now they enjoy flush revenue and strong share prices. The bet: Their clean fuels may give them better stability.
Exxon and its kin were laggard stocks for a long time, but now they enjoy flush revenue and strong share prices. The bet: Their clean fuels may give them better stability.
Previous energy sector reviews have so far led the $272 billion pension fund to divest from 55 companies.
Famed investor increases his stake in Occidental Petroleum.
This noted market pessimist said in January that some shares would thrive, despite a popped bubble.
The oil giant shows that it needs fresh faces in its boardroom, says the pension fund.
Renewable sources like wind and solar may not be enough. Pension plan investors weigh the odds.