Meanwhile, the energy boom has once more heightened environmental concerns over oil and gas production and transportation. Exxon’s recent Arkansas spill from a crude-oil pipeline break and Chevron’s ongoing multibillion-dollar environmental lawsuit in Ecuador highlight the importance of responsible development in avoiding costly damages and a bad reputation.
To start performing to their full potential, energy stocks need the support of stronger overall economic growth. Once the global economy starts firing on all cylinders, demand for oil and gas should start supporting prices and creating more profit for Exxon Mobil Corporation (NYSE:XOM) and Chevron. Meanwhile, so long as companies are looking for energy, General Electric Company (NYSE:GE) stands poised to help them find it — and take its fair share of the profits in the bargain.
The article How the Dow’s Energy Stocks Have Fared in 2013 originally appeared on Fool.com.
Fool contributor Dan Caplinger has no position in any stocks mentioned. You can follow him on Twitter @DanCaplinger. The Motley Fool recommends Chevron. The Motley Fool owns shares of General Electric.
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