Happy Fourth Of July -- 2021

What I'm watching:

• The X-Files, season 1, episode 1.

TTE, TotalEnergies. Pivots to "renewable" energy.

There are seven major global integrated oil companies. The four headquartered outside of the US have pivoted to "green" energy. The three US companies have been less "excited." XOM may be the most like the European players; CVX, it appears, will stay the course with oil; and COP, too, certainly seems it will stay the course with oil.

For now, I'm going to follow TTE as the proxy for European majors pivoting to renewable energy. TTE seems to have undergone more changes than any of the others over the years. Certainly, it appears TTE has undergone the most number of name changes. One wonders how many readers noted that ticker symbol "TOT" recently changed to "TTE"?

• wiki, here.
• current income data, Yahoo!Finance.

Iraq: BP, Lukoil both consider pulling out. Oil minister says investment environment in Iraq not suitable for retaining major investors. Keep in mind, sanctions could be lifted on Iran; Iran-Iraq have an interesting relationship.

• Reuters, link here.
• ArgusMedia, link here.
• Bloomberg, link here.

Oil will be just fine. Link here. 

The 2021 meme:

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