Big Oil! Big Dividends! I Love It!
The bull market is back on!
Meta Platforms is up 51%, year-to-date. The Vanguard S&P 500 ETF is up 9.41%. And Medtronic is up 11.91%.
Yet there’s one fundamentally sound sector that’s completely overlooked.
Oil.
Dividend Aristocrats Exxon Mobil ($XOM) and Chevron Corporation ($CVX) posted record profits last year. Yet, both companies are trading well below market value.
Likewise, another high-yield oil player is trading at a single digit valuation.
Today’s article takes an unbiased look at the oil industry, helping you to determine whether or not this sector is worth investing in.
A Few Misconceptions About Oil
Contrary to the bombastic headline, which is a reference to the classic arcade game Smash TV, I’m not an oil advocate or even someone who particularly likes the industry.
Until Consolidated Child Molester goes public, oil is the most controversial sector you can invest in.
And any defense of the industry is met with intense backlash.
If you don’t like oil, that’s fine.
But, petroleum plays a huge role in the modern world. And many aspects of society cannot function without it.