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Exxon the best oil company to invest in? (lemmy.world)
submitted 1 year ago by to c/investing@lemmy.world
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looking at their fundamental financial data, to me it looks like an absolute banger of a company. they heavily invested in projects that are going to double their profits from 2024 levels by 2030, which is already starting to reflect in the financial statements (annual on the left side of the graphic, the quarterly data on the right side. What do you think about this one? Unfortunately i cannot upload multiple images with charts regarding their competition (Chevron, Occidental), but this one has me excited the most.

Let me know if you would like to see a post with these charts covering other companies that you like!

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[–] 4 points 1 year ago* (last edited 1 year ago) (1 child)

Alternative post title: Funding our collective planetary demise for fun and profit.

Serious answer: Any investment that isn't an Index fund is gambling under a different name.

The vanguard ESGV index fund is a good compromise between expense ratio, reliable returns, and avoiding investing in planet killing fossil fuels (it still has a bunch of evil tech companies in it though, including Tesla and Nvidia. It's extremely difficult to avoid money going toward those shitbags and effectively use the stock market. It's all fucked).

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  • [–] 1 point 1 year ago*

    it's all gambling, when you buy a stock...you are speculating that current/future dividend payouts will make the price you bought in worth it. (the overwhelming majority of which, dont pay anything).

    have you ever read into the history of stock markets? they originated as gambling dens for old-rich people to rip off new-rich people, that core idea has never left the casino. stockholders are bagholders to be screwed over and manipulated, the last ones holding nothing when a company goes tits up. (now, if the company is in good hands...then it might actually be a good bag to hold)

    settling for some 10-20% gain in a bull-market via an index fund, just means your playing without understanding all the rules.

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