Big Oil Unloved Despite Record Shareholder Returns

Big Oil has seriously underperformed the overall market over the past year, and it’s not just because of the decline in oil prices. Investors are not convinced that oil companies—despite supplying essential products for today’s way of living such as gasoline, chemicals, fibers and what-not—have a future. Instead, they are focused on the trendy technology stocks, which have now become the darlings of the stock market.  The top U.S. oil producers, ExxonMobil and Chevron, have been trying to win investors back by adding…