Executives from Exxon and Chevron warn that oil prices may reach $160 due to historically low US crude and gasoline inventories, which have dropped 6% below the five-year average. This decline is driven by ongoing exports and increased summer demand, while Middle East production is down over 10 million barrels daily due to full storage and infrastructure damage. The situation could lead to fuel shortages in Asia and Europe, pushing prices even higher globally. Immediate resolution of Middle East conflicts is crucial to stabilizing supply and prices in the coming months.
Amid volatile crude oil prices, three energy companies—Enterprise Products Partners, Exxon Mobil, and Chevron—stand out for their reliable dividends backed by strong cash flows and long payout histories. Enterprise Products boasts 27 years of distrib...
The US Supreme Court ruled 6-3 that Cuban state-owned companies like CIMEX cannot claim foreign sovereign immunity in lawsuits under the Helms-Burton Act. This decision favors Exxon Mobil, which is suing Cuba for confiscated oil assets seized by Fide...
The SPDR S&P Oil & Gas Exploration & Production ETF (XOP) and the VanEck Oil Services ETF (OIH) offer exposure to different parts of the oil sector. XOP invests in oil producers betting on crude prices, while OIH focuses on service companies that ben...
Despite higher crude prices, major US oil producers are maintaining capital discipline and only marginally increasing output, while smaller private firms are adding rigs. The US Energy Information Administration forecasts record oil production in 202...
VictoryShares recently rebalanced three of its free cash flow (FCF) ETFs—VFLO, GFLW, and IFLO—shifting their portfolio focuses. VFLO increased holdings in energy giants like Exxon Mobil and Devon Energy while exiting tech and industrial stocks like D...
