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The week's question
In December 2024, in the thread "Re: BRK: Why Not XOM?", BreckHutHigh asked the members: "What about the long road trips with kids?" This week it is put to everyone again. The button below opens the small thread re-asking it - read what others have said so far, then give your own answer as an ordinary reply.
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Stocks A to Z / Stocks B / Berkshire Hathaway (BRK.A)
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Author: rnam ✭☼  😊 😞
Number: of 21944 
Subject: OT Exxon and BP
Date: 01/16/25 7:51 AM
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No. of Recommendations: 13
Divergence of Exxon and BP over the last 25 years is remarkable.

BP bought Amoco in 1998 and became the third largest oil company in the world. Exxon bought Mobil in 1999. At the time of Amoco purchase, the market cap of BP and Exxon was about equal. BP’s market cap peaked in 2001. Today Exxon’s market cap is about 6 times BP’s.

Of course the Horizon oil spill was the major factor in BP’s valuation plunge. It was forced to divest many prized assets to pay damages.

But another factor has been its attempt to become a more green energy company by cutting oil and gas production and investing in green energy. This has increased debt and reduced cash for share buybacks and dividends that Exxon and other rivals have done.
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This community has written 21,448 posts about Berkshire Hathaway. The article-length ones it recommended most:
BRK: Why Not XOM? · 62 recs · 2024
Second quarter comments · 60 recs · 2023
Berkshire's Profit Contributors · 57 recs · 2023
Summary of 2Q 2026 · 54 recs · 2026
3Q Summary · 53 recs · 2024
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