0 reactions
Once there are more EVs on the road than gasoline vehicles, what happens to petroleum stocks?
Petroleum stocks are still considered solid. Especially ownership of stocks from one of the big companies that pay out solid dividends.
Once the demand for oil and gasoline drops (which is still probably 7–10 years away), what do you think will happen to these stocks (like Shell, Suncor, Exxon, BP, Chevron, and other small midcaps, etc.) 5 years from now?
Is it a good plan to slowly pull out of these stocks? In a year? 3 years? 5 years?
Oil and gas usage will still be needed for boats, planes, homes, and other commercial applications where EV technology is still multiple decades away. But the loss of the ordinary vehicle or truck market is likely going to have a big negative impact on these companies.
Can Shell/Exxon, for example, fill in the gap by pivoting towards EV charging pit stops? Can good profits be made as it is expected that an EV charge for 10 to 15 minutes should cost significantly less than equivalent gasoline?
If this is the pivot, what problems could arise? Would it potentialy stress out electrical grids?
#business
Petroleum stocks are still considered solid. Especially ownership of stocks from one of the big companies that pay out solid dividends.
Once the demand for oil and gasoline drops (which is still probably 7–10 years away), what do you think will happen to these stocks (like Shell, Suncor, Exxon, BP, Chevron, and other small midcaps, etc.) 5 years from now?
Is it a good plan to slowly pull out of these stocks? In a year? 3 years? 5 years?
Oil and gas usage will still be needed for boats, planes, homes, and other commercial applications where EV technology is still multiple decades away. But the loss of the ordinary vehicle or truck market is likely going to have a big negative impact on these companies.
Can Shell/Exxon, for example, fill in the gap by pivoting towards EV charging pit stops? Can good profits be made as it is expected that an EV charge for 10 to 15 minutes should cost significantly less than equivalent gasoline?
If this is the pivot, what problems could arise? Would it potentialy stress out electrical grids?
#business
| 36,000 mlx | |
| 37 | |
| 0 |