As BP Transitions to Green, Here's Why I'm Long the Stock
And we have to have a panic point if we are going to be long a name such as this.
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As far as "Big Oil" goes, BP plc (BP) , the old British Petroleum, has been well ahead of the others in at least talking up a good game, better than its peers, as far as "going green" is concerned. BP had set goals of being a "very different" company by the year 2030, and exist with a "net zero" carbon footprint by 2050. Sure plenty of corporations are setting such goals, and all of "Big Oil" has started talking that game, but BP has clearly, in my opinion... been out front. I am only long two oil stocks even as commodity prices (especially energy commodity prices) rise. I am long BP for the reason mentioned above, and long Exxon Mobil (XOM) for the dividend as that firm now appears to be on its way toward transitioning into something greener whether it wants to or not.