Cheap oil stocks still attracting huge investor interest in ESG world

Investors remain committed to big oil stocks due to their continued ability to pay out generous dividends.

Europe’s oil stocks may not be the most obvious picks in environmental, social and corporate governance (ESG)-conscious world, but some investors can’t get enough of them.

They’re cheap, pay big dividends and have benefited from a recovery in oil prices. That’s an attractive combination for investors who are nervous that the broader market is overvalued after the relentless rally from the pandemic bottom last year.