Oil companies delivered the market's best shareholder returns last year, but Wall Street is still wary of them
Oil companies delivered the market’s best shareholder returns last year, but Wall Street is still wary.
The biggest Western oil companies, Exxon Mobil Corp. , Chevron Corp. and Shell PLC, together cleared a record of more than $132 billion in and handed investors $78 billion via share buybacks and dividends, about 50% more than the last time oil topped $100 a barrel in 2014.
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