Why Texas Pacific Land Trust Has a Better Business Model Than Exxon and Chevron

Unlike most oil and gas companies, Texas Pacific Land Trust (NYSE: TPL)  has a capital-light business model that allows it to benefit from the upside of oil and gas production without the downside of investing a lot of capital and taking on debt. This business model has many advantages over conventional oil and gas exploration businesses.

In this video from the Industry Focus podcast recorded on Dec. 10, Motley Fool contributor Luis Sanchez and Industry Focus host Nick Sciple compare the company's business to traditional oil and gas companies.

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Source Fool.com