Market Mad House

In individuals, insanity is rare; but in groups, parties, nations and epochs, it is the rule. Friedrich Nietzsche

Is Big Oil Dying at Exxon-Mobil?

Market Insanity

Is Big Oil Dying at Exxon-Mobil?

To clarify, data is the fundamental resource our civilization needs to operate. Hence, data is to the 21st Century what petroleum was to the 20th Century.

Hence, Exxon-Mobil runs more cash through its till but Alphabet keeps far more of its cash. Specifically, Alphabet had $109.14 billion cash and short-term investments on 31 December 2019. Conversely, Exxon-Mobil had $3.042 billion in cash and short-term investments on the same day.

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