As the dollar has gotten stronger and stronger over the last few months the price of commodities have simply fallen. This is no more truer for any commodity than it is for oil. To make matters even worse, the exploration and production oil and gas companies are finding more and more oil putting even greater pressure on the price of oil. |
As can be seen in the chart on the right, the price of oil peaked around $110 per barrel on the spot market in August, 2013, and today stands near $90 per barrel. That's a huge drop by anyone's measurement. Since the inventory (reserves) held by the oil companies is oil, the overall value of the oil companies has declined as the price of oil has declined. This has been disastrous for those holding stock in the oil companies. For those who have been patiently waiting on the sidelines, prices today may be at a near term low and it might just be time to start accumulating shares. |
6 October Price $118.09 1yr Target $135.76 Analysts 23 1yr Cap Gain 14.96% Dividend $4.28 Yield 3.62% 1yr Est Tot Return 18.58% | Market Cap $224.24 Bil Beta 1.14 EPS (ttm) $10.48 Payout Ratio 40.83% EPS next yr $10.97 P/E 11.27 PEG 1.97 Forward P/E 10.76 | Debt/Equity 0.15 ROA 7.90% ROE 13.40% ROI 7.90% Sales $217.23 Bil Income $20.06 Bil Profit Margin 9.23% |