Two years ago, oil companies were global pariahs, banished not only from the high-minded peaks of Davos but also from lowly index funds. Energy’s weight in the S&P 500 fell below 2%, an astonishing drop for a sector that once accounted for more than 20% of the index’s market value. Exxon Mobil was briefly worth less than Zoom Video Communications.
The turnaround since then has been just as astonishing, if not more so. Exxon (ticker: XOM) just hit a new all-time high and is now worth more than 10 times as much as Zoom (ZM)….
Source: https://www.barrons.com/articles/shell-sunrun-energy-stocks-to-buy-now-51654893593?siteid=yhoof2&yptr=yahoo