This year has not been a great one for the biggest names in energy, but sometimes a lull in investor sentiment can provide a buying opportunity. So is buying Big Oil now a good idea? One reason that you could consider buying right now is because this year is what both BP (NYSE: BP ) and Total (NYSE: TOT ) are calling an "inflection point" in their capital spending programs. So instead of focusing on spending big money on growth projects, they are looking to focus on higher returns and potentially start putting that cash toward share buybacks and increasing dividends. They aren't the only ones, either. Royal Dutch Shell (NYSE: RDS-A ) and ExxonMobil (NYSE: XOM ) have both hinted that there will be a greater focus on returns in the future.
There are other reasons to buy Big Oil and reasons to hold off. Tune into the video below to get a better picture of both the case for and against investing in Big Oil.
The quiet energy giant set to lead
When we think of the most powerful company or group in the global energy space, the only name for years has been OPEC. Unfortunately for them, one behind-the-scenes energy giant is developing the technology that could take OPEC out of the driver's seat. We have put together a brand-new Motley Fool special report that goes in depth about the company we're calling "OPEC's Worst Nightmare." Simply click here and we'll give you access to this valuable report that unveils the name of this industry leader.