Oil companies should be run for the benefit of shareholders, and society is better off when they are

Adam Smith was in fact correct when he wrote, on the one hand, that self-interested investors of capital are led by an invisible hand to promote social good that they did not intend, and, on the other, that people who affect to trade for the public good usually do not actually do much good. He did not qualify his observations with, nor should we add today, the phrase: “except for oil and gas companies.”