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Exxon is in crisis. Angry shareholders are rebelling
- nabla9 6y agoStock valuation of big oil companies like Exxon and RDS (Shell) and BP is slightly below what it was 20-years ago but they have paid handsome dividends ~10% from old investments. At least RDS and BP have started transformation into generic energy companies and are gradually abandoning oil. They are using oil income to grow in LNG, renewables and other energy related business. Exxon just doubled down on oil. Exxon is perfect example of people drinking their own cool-aid. They are just humans. Cynically spreading big-oil propaganda without believing it is not easy. --- I think best Exxon could do is to start selling parts of itself. China, some other Asian investors and Gulf countries would be willing to pay good money if they package it properly.