Oil And Gas Back in Vogue for Retail Investors
Shares of energy majors have soared this year in the wake of war and surging commodity prices. But as the climate crisis rages, will the sector reward investors over the longer term?
After a bruising coronavirus pandemic, when oil demand collapsed and BP’s shares fell to a 27-year low, the so-called supermajors have come roaring back in 2022.
Shares in UK-listed Shell, Europe’s biggest oil company, are up 47 per cent since January, while BP’s have climbed 37 per cent. By contrast, the FTSE 100 is up less than 2 per cent, while the S&P 500 is down 14 per cent.