Oil Crash 2020: Should You Buy or Sell Big Oil Stocks Right Now?
Collectively known as "Big Oil," integrated supermajors such as ExxonMobil (NYSE: XOM), Chevron (NYSE: CVX), BP (NYSE: B), and Royal Dutch Shell (NYSE: RDS.A)(NYSE: RDS.B), along with mega-producers such as ConocoPhillips (NYSE: COP) and other names such as Phillips 66 (NYSE: PSX), a giant in refining, pipelines, and petrochemicals, are viewed as the safest investments in the oil patch. Sure, these are the best-prepared companies to come through the downturn, but whether they're worth buying depends on what your goals are, and your expectations.