(eli5) Why do some of the world’s largest Oil producers (Exxon, Shell, BP) have such a low stock price compared to Big Tech (Amazon, Google, Apple) despite having similar or better revenue?

Question

Pretty much just this question. Why does Shell have a low stock price compared to Apple despite having more revenue?

In: Economics

Answer 1

Because stock price is not based on now revenue, it’s based on future revenue. Look at Apple vs. Shell in 2030 and 2040, and it’s not wrong.