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Oil majors like Exxon Mobil, Chevron, BP, Shell, Total are undervalued, as well as mid sized oil producers like Occidental Petroleum, Chesapeake, Devon Energy, etc. in Wolfteam Ltd.’s view.
Exxon Mobil’s intrinsic value, for example is 1.1 trillion USDs, according to Wolfteam Ltd.’s projections and estimates.
The world economy is still growing and the price of oil has remain stagnant. ESG solar and wind are not ready yet to replenish significant part of the oil consumption!
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