Investors are storming the front doors of Big Oil's corporate headquarters!
OK, so it's not that bad, but there has been a lot of clamor from shareholders in companies such as ExxonMobil (NYSE:XOM) and Chevron (NYSE:CVX) due to poor stock performances over the past couple of years. One thing they are hoping for is a change in these companies' spending habits. The past five years have been full of mega oil and gas projects that have totaled hundreds of billions of dollars, but most have yet to come online. To be fair to Big Oil, though, these types of investment decisions are made to secure decades of production. As Royal Dutch Shell's (NYSE:RDS-A) CFO put it, these companies cannot make 30-40-year investment decisions on the whims of headlines and stock price moves.
Do investors have a right to be angry? Tune into the video below to find out whether investors should gather up the torches and pitchforks or hang on to management's direction a little longer.