European majors' ongoing concern about the value of their shares relative to their US competitors has drowned out the broader trend, i.e. that the industry as a whole is beginning to find renewed favor with investors. While first-quarter 2024 earnings for oil companies are very unlikely to reach their 2022 highs, growing sentiment that oil and gas demand could have staying power through the transition, combined with rich short-term returns, is helping bring Wall Street back around to Big Oil. Not So Fast Exxon Mobil's share price hit an all-time high earlier this month and — in a potent symbol of the Tiger regaining ... (full story)