Oil prices soared following the reopening of the economy and spiked further due to the Ukraine-Russia war. However, oil prices have been under pressure recently due to demand concerns amid a potential economic slowdown. Oil stocks have enjoyed a remarkable run this year and have outperformed the broader market despite the recent volatility. A tight global oil supply market and an expected decline in demand due to an impending recession might result in continued volatility for oil stocks. Bearing that in mind, we used the TipRanks Stock Comparison Tool to compare Schlumberger, Exxon Mobil, and Chevron, to pick the stock that could deliver higher returns.
https://www.tipranks.com/news/article/which-oil-stock-is-a-better-pick-following-q2-results?utm_source=advfn.com&utm_medium=referral
Exxon Mobil (NYSE:XOM)
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Exxon Mobil (NYSE:XOM)
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From Nov 2021 to Nov 2022 Click Here for more Exxon Mobil Charts.