Forget Oil Prices, Oil Majors Are A Buy

Oil stocks have been performing dismally this year, and oil
prices have failed to sustain a rally, so why are these stocks
still attractive? Low valuations and high dividend yields, say
analysts.  Supermajor oil companies are living a new reality
that is based on new profits in a forever-low oil price
environment—and globally, analysts say, the oil sector is a great
investment. Value has returned, because international oil giants
have adapted. The initial enthusiasm over OPEC’s production cut
deal died out rather unceremoniously,…

Oil stocks have been performing dismally this year, and oil
prices have failed to sustain a rally, so why are these stocks
still attractive? Low valuations and high dividend yields, say
analysts.  Supermajor oil companies are living a new reality
that is based on new profits in a forever-low oil price
environment—and globally, analysts say, the oil sector is a great
investment. Value has returned, because international oil giants
have adapted. The initial enthusiasm over OPEC’s production cut
deal died out rather unceremoniously,…