The News Of Tomorrow, Today
The News Of Tomorrow, Today
crude awakenings
When you fall on hard times, you sometimes have to downsize. So it is with BP, which is in talks to sell its London headquarters because of massive financial losses. Multinational oil companies: They’re just like us.
It’s been a week bookended with bad financial news for the oil and gas industry. It began with Exxon getting the boot from the Dow Jones Industrial Average, and now comes news that energy companies are the tiniest piece of another venerable stock index, the S&P 500. These may be…
Exxon is a known corporate miscreant, and nothing it does to preserve profits should come as a surprise anymore. And yet.
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