Only to a minor degree, says LPL Financial—goods prices already are low, so there’s a cushion.
The asset manager is investing $550 million in a joint venture with the oil and gas giant’s 1PointFive subsidiary.
The industry will be needed to bridge the long transition to net-zero from now to 2050, JPM says.
Receiving 6% of the oil behemoth’s equity, the fund has a long-term goal of diversifying the economy away from oil.
China’s reopening and worldwide lack of infrastructure for raw materials should power the revival, per the firm’s Jeff Currie.
Famed investor increases his stake in Occidental Petroleum.