StockWatch: Oil Giants Show No Signs of Slowing
Demand for oil is expected to rise further, as economies around the world start opening up again with COVID vaccinations continuing to roll out.
With this, big #oil firms such as #Chevron and #ExxonMobile have seen their share price increase month after month.
The longer oil supply is held in check, in an environment of rising demand, the higher prices will rise, and the better the news for Exxon’s and Chevron’s profits.
- CVX 02:05
- XOM 03:50