Oil Companies Under Attack By Activists And Courts Means Higher Oil Prices

John Polomny
Posted by John Polomny May 29, 2021

Exxon had two board seats go to activists this week. Their goal? Comply with climate change goals.

Shell lost a court case in a Dutch court and must lower emissions by 45% by 2030.

Chevron shareholders voted to have management detail how the company will meet climate goals.

All of this will lead to less supply of oil. If demand stays constant or rises which is likely we are heading for higher oil prices.

I detail how to take advantage of this news. There is one cohort of oil companies that are focused on producing oil and focus on that. Do you know who they are?

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