[blam]

The World's Oil Giants Got Crushed

Here were some of the biggest losers on Friday:

BP (BP), down 5%
Royal Dutch Shell (RDS.A), down 6%
Total (TOT), down 5%
Statoil (STO), down 14%
Exxon Mobil (XOM), down 5%
ConocoPhillips (COP), down 9%
Marathon Oil (MRO), down 13%
Occidental Petroleum (OXY), down 7%
Anadarko Petroleum (APC), down 14%
Linn Energy (LINE), down 13%
Whiting Petroleum (WLL), down 28%
Oasis Petroleum (OAS), down 32%
Kodiak Oil & Gas (KOG), down 28%

And this list goes on.

[Starboard]

From a long term perspective a 5% drop is not getting “crushed”. Not inconsequential, but its far from devastating.

For example, its hard for long term shareowners to think of Exxon as a “loser” given its stellar performance over the long haul and its excellent annual dividend growth rate, averaging over 10% for the past five years. Most people would love to get a 10% raise every year! Just saying.

[wiggen]

smaller ones were obliterated. Look at GDP or EXXI