Exxon, Chevron, Shell: Death By ESG

May 28, 2021 5:44 AM ETBLK, BP, BPAQF, CNQ, COP, CVX, DVN, EC, EQNR, GZPMF, IMO, IWM, LUKOY, MPC, OXY, PCCYF, PSX, SHEL, RYDAF, RYDBF, SASOF, SPY, SSL, STOHF, SU, TTE, TTFNF, VLO, XOM, IMO:CA, SU:CA, CNQ:CA288 Comments
Michael Boyd profile picture
Michael Boyd
Investing Group Leader

Summary

  • Oil supermajors have been under attack on many fronts in recent weeks, both in the boardroom and in the court system.
  • ESG is the topic du jour, with significant pressure to bow to ESG investor demands.
  • However, does doing so actually improve stock returns? After all, that's the capitalistic goal. Backtesting shows otherwise.
  • This idea was discussed in more depth with members of my private investing community, Energy Income Authority. Learn More »
Oil tank in Hong Kong
Photo by CHUNYIP WONG/E+ via Getty Images

ESG Investing. It's a topic that risks working the crazy folks on both sides of the discussion into a frenzy, quite often devolving into a vitriol-filled back and forth of insults. In my experience though, the overwhelming majority of investors fall somewhere in the

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This article was written by

Michael Boyd profile picture
Michael Boyd
19.38K Followers

Michael Boyd is an energy specialist with a decade of experience in both the investment advisory and investment banking spaces, with stints in portfolio management, residential mortgage-backed securities, derivatives, and internal audit at various firms. Today, he is a full-time investor and "independent analyst for hire.”

Michael leads the Investing Group Energy Investing Authority. The service focuses on finding total return opportunities within the energy sector, ranging from upstream producers to pipelines to refineries. Features include: model portfolios, real time trade alerts, high quality research, and an active and vibrant chatroom of professional investors. Learn More.

Analyst’s Disclosure: I/we have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.

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