A question to ponder about Conoco/Exxon/Chevron & other big oil/NG players
I'm a retired old man and one of the fixtures for my retirement income is energy/oil/gas dividend stocks. I just gotta laugh when I say that the rumor of 'electric' automobiles taking over the roads has been ongoing for over 50 years. Like the predicted 'depletion' of the world's oil supplies, it's never happened.
Electric cars cost quite a bit more than gasoline engine cars. That extra expense almost pays for the gasoline costs for five years of owning a vehicle. But if the electric auto ever does take over the highways, then utilities would be the place to invest in.
Electric vehicles will not impact your COP in any way, in my opinion.
Natural gas trucks were supposed to impact trucking several years back when Boone Pickens pushed for this. Talk about slow to gain traction.
I am long COP and enjoy the dividend. Oil prices remain steady around $90/barrel, so I think we are in good shape.