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Technology Stocks : Investing in Exponential Growth

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From: Paul H. Christiansen7/26/2016 5:13:41 AM
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Big Oil's Downstream Upside Is Fading Fast

As Big Oil unveils second-quarter results this week, investors will be looking down more than usual.

While the upstream bit of the major oil companies -- the business of exploring for reserves and producing them -- usually dominates proceedings, the downstream refining, marketing and chemicals operations have moved into the spotlight. The crash in oil prices has sent upstream profits tumbling, leaving the downstream businesses to (try to) pick up the slack.

bloomberg.com

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