
Asset Allocation
Why Oil Stocks, Slipping Now, Have a Bright Future
The industry will be needed to bridge the long transition to net-zero from now to 2050, JPM says.
The industry will be needed to bridge the long transition to net-zero from now to 2050, JPM says.
The San Francisco-based firm’s Transform platform manages more than $600 million in US equity ETFs.
Although seldom apparent in financial statements, environmental, social and governance deficiencies can come out of nowhere and slam investors.
Exxon and its kin were laggard stocks for a long time, but now they enjoy flush revenue and strong share prices. The bet: Their clean fuels may give them better stability.
The oil giant shows that it needs fresh faces in its boardroom, says the pension fund.