The Big Oil portfolio consists of 10 stocks that enable you to get exposure to some of the largest global energy companies across the value chain. This includes exploration and production companies, oil service companies, and integrated majors.

Macrovue's Global Big Oil Portfolio

Macrovue’s Big Oil Vue’s Performance.*

* Returns as of 30 April 2018. Past performance is not a reliable indicator of future performance. For full performance numbers and methodology, please click here.

Three types of energy companies

The portfolio (Vue) holds three types of energy companies – the large integrated oil companies otherwise known as the “majors,” “big oil,” or “super-majors,”; exploration and production companies commonly known as E&Ps; and the oil service companies.

Integrated oil companies are the large global players like Exxon Mobil and Royal Dutch Shell. Their operations involve all aspects of the value chain, from exploration to marketing and retail. These are large companies, usually with market capitalisations north of US$100 bn.

Exploration and production (E&P) companies operate in the upstream segment of the oil and gas industry. These companies are involved in the high-risk/high-reward area of exploration and production.

They focus on finding, augmenting, producing and merchandising different types of oil and gas. Mostly U.S. based, they are also a significant part of the “shale revolution” using advances in oil and natural gas production technology.

Oil service companies provide the industry with equipment to drill and extract oil and gas. Global in scope like most of their customers, oilfield service companies assist the drilling companies in setting up oil and gas wells.

In general these companies manufacture, repair and maintain equipment used in oil extraction and transport. These services can include seismic testing (which involves mapping the geological structure beneath the surface) and transport services for land and water rigs.

Why these companies are an attractive investment opportunity

Energy companies are an attractive investment for a number of reasons:

The integrated companies are large global enterprises with decades of operating experience in innumerable economic, geographic and pricing environments. The integrated oils also tend to pay out hefty dividends to shareholders.

The exploration and production companies (E&Ps) are more growth-oriented and complement the total return profile (dividends + capital appreciation) of the largest oil companies.

The oil service companies are also more growth-oriented and offer many technologically sophisticated software based solutions to their customers.

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Meet Macrovue's Investment Team

Clay Carter | Head of Investment Committee

Clay has 25+ years experience managing global equity portfolios. Most recently, he was Head of International Investments at Perennial Investment Partners. Previously, Clay managed investment portfolios at QBE, PM Capital, Legal and General Life of Australia, and AMP. He has developed alternative methods to traditional market analysis and portfolio management and regularly appears on CNBC Asia and Bloomberg TV.

Dev Sinha | Chief Investment Officer

Dev is the co-founder of Macrovue and leads the Equity Research and Product Development teams. He started his career as a quantitative analyst at Putnam Investments in Boston before moving to Singapore to join Bank of America Merrill Lynch. Dev has an MBA from The Fuqua School of Business, Duke University and an MS in Financial Engineering from Columbia University.

Dr. Sid Sahgal | COO

Sid brings almost 20 years of experience in finance and technology. He started his career at Honeywell Aerospace as a software engineer before moving to Bank of America Merrill Lynch in New York as a quantitative analyst. Before starting Macrovue, Sid was a lecturer at UNSW while completing his PhD in Finance. He also holds a Masters in Computational Finance from Carnegie Mellon University.