Graph of the week: energy label
No this column is not about sustainability, climate targets or Co2 emissions. But about the fable that energy companies are a reason why broad market profits need not fall.
Energy profits
Earnings-per-share of US energy companies included in the S&P 500 Index are up more than 250% from a year ago. But this does not disguise a fall in profits of the rest of the companies.
Top 5 Energy stocks: Schroders in the lead
Energy sector equities are having a good year. In recent years, however, investors in the sector have had a rough time of it. With the rise of sustainable investing and the greater awareness that the world needs to move away from fossil fuels to put an end to climate change, investments in companies that are active in the field of fossil fuels are under a magnifying glass.