Relatively High Level of Cash Detected in Shares of BP in the Integrated Oil & Gas Industry (BP, CVX, XOM, LUKOY, OXY)
Below are the three companies in the Integrated Oil & Gas industry with the highest cash equivalents (CE). Analysts use CE as a measure to compare the cash cushion of companies in the same industry.
BP ranks highest with a CE of $32,000. Following is Chevron with a CE of $13,000. Exxon Mobil ranks third highest with a CE of $4,000.
Lukoil OAO follows with a CE of $4,000, and Occidental Petroleum rounds out the top five with a CE of $3,000.
SmarTrend recommended that subscribers consider buying shares of Occidental Petroleum on January 28th, 2016 as our technology indicated a new Uptrend was in progress when shares hit $65.42. Since that recommendation, shares of Occidental Petroleum have risen 15.2%. We continue to monitor Occidental Petroleum for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.
Keywords: highest level of cash Chevron Exxon Mobil lukoil oao Occidental Petroleum