Profits down for big oil:Exxon,Shell and Chevron.Exxon,my second largest holding for number of share largest for value(amount of money).All the big oil companies are try to cash in on Shale Boom,but this has lead to more production,hence,more supply and demand is down as economic lumbers along lead to lower prices.Also Exxon is so huge,it actually produces more oil than state of Texas,hence,it might be too big to succeed,this maybe why there is talk of breaking up Exxon into three companies.But I think although the price of stock is a bit too high,I still think for long term it's good company,with little debt,and even though the price of natural gas is very low Exxon buying the biggest producer of natural gas XTO Energy was very smart move and help profit this quarter by billion dollars.
Shell is writing down(not cash lost) it's holding of shale in the U.S.A. and may sell some of it's holdings.
Chevron a stock most analyses like over Exxon also saw profit down.Problem maybe that counties with big oil reverses:like Iraq and Mexico aren't open to big oil,however, in Mexico there is talk of ending or maybe selling or selling of Pemex.
Russian potash producer Uralkali has pull out of partnership with Belarus,hence,unravelling of Potash Cartel good news for farmers,hence,agriculture stocks just might do well.
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