What’s Next for Big Oil After an Uninspiring Earnings Season?
Friday, 3 May 2024 () Last week, I wrote that while Q1 profits were expected to be down this year and energy stock prices were higher, that didn’t mean that energy wasn’t a place to be for long-term investors. Well, the big oil companies have now reported, so does that still apply? The results have been mixed in terms of how the companies performed versus expectations. On Friday, April 26th, for example, Chevron (CVX) and TotalEnergies (TTE) reported beats of analysts’ estimates for earnings per share (EPS), while Exxon Mobil (XOM) and Phillips 66…
Friday, 3 May 2024 ()
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