Oil Industry Valuation One of the Lowest Levels in 50 Years

Rupert Hargreaves

Published onAugust 30, 2013

Updated on May 13, 2021

The behemoths of the oil industry, Exxon Mobil Corporation (NYSE:XOM), Chevron Corporation (NYSE:CVX), Total SA (ADR) (NYSE:TOT) and Royal Dutch Shell plc (ADR) (NYSE:RDS.A) (NYSE:RDS.B) all recently reported a pretty dire second quarter. Profits and operating cash flows fell across the board to such an extent, that one analyst was prompted to ask Chevron Corporation (NYSE:CVX)'s management on the conference call, if the company could continue to sustain its dividend and buyback operations at their current rate.

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Oil sector looking undervalued

However, the resulting panic from these...

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Rupert Hargreaves

Sign up now and get our in-depth FREE e-books on famous investors like Klarman, Dalio, Schloss, Munger Rupert is a committed value investor and regularly writes and invests following the principles set out by Benjamin Graham. He is the editor and co-owner of Hidden Value Stocks, a quarterly investment newsletter aimed at institutional investors. Rupert owns shares in Berkshire Hathaway. Rupert holds qualifications from the Chartered Institute For Securities & Investment and the CFA Society of the UK. Rupert covers everything value investing for Hedge Fund Alpha

Oil Industry Valuation One of the Lowest Levels in 50 Years

Oil sector looking undervalued

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