Surveillance
By BLOOMBERG NEWS
How Can Investors
Capitalize o n
The C hanging Energy
Landscape?
NO ONE DISPUTES THAT change is coming to the energy sector. A decade ago, integrated oil and gas companies such as Exxon
Mobil Corp. and Chevron Corp. seemed like solid investments. They made up the biggest sub-index in the S&P 500, accounting
for 7.8%. And yet, by this July, that same group had dropped to 11th place, with a 2.4% weighting. Over the past five years, the
index featuring the once-mighty oil and gas majors has underperformed the S&P Global Clean Energy Index, composed of solar,
wind, and other renewable energy stocks. How can investors position themselves for the future? Bloomberg News energy
reporters around the world solicited opinions and insights from experts with an array of backgrounds. The responses are diverse,
but one common theme emerges: Change means opportunity.
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