BP and Shell Are a Buy. Why They’re Cheaper Than U.S. Oil Giants.
It was a great year for oil companies such as Exxon, Chevron,...
It was a great year for oil companies such as Exxon, Chevron, Shell, and BP But the giants of European energy are still trading at significantly lower valuations than their American counterparts, which means they could be buying opportunities. All the major oil companies benefited from the surge in oil prices as the world emerged from the Covid-19 pandemic and Russia invaded Ukraine. Unlike the broader market, share prices have surged
“2023 earnings won’t match 2022, but they’re still great,” said Allen Good, a strategist at Morningstar. “Shareholders are going to see a lot of cash flow coming back between repurchases and dividends.”.
Russia launches missiles from Caspian Sea for the first time, ‘indicating logistics issues’
Yesterday's missile attack was characterized by the fact that missile launchers from the Caspian...
Yesterday's missile attack was characterized by the fact that missile launchers from the Caspian Sea were used. This was recorded for the first time since the full-scale invasion, a report said.
The spokeswoman believes that it is now more difficult for the Russian army to deliver missile stocks to the Black Sea coast.
"This suggests that we are quite successful in keeping logistics under fire control, including on the (east) bank (of the Dnipro River)," they added.
3 Oil & Gas Royalty Trusts With Exceptionally High Yields
Oil and gas trusts are among the highest-yielding stocks in the stock market, making them attractive...
Oil and gas trusts are among the highest-yielding stocks in the stock market, making them attractive candidates for income investors. On the other hand, in contrast to the well-known oil majors, such as Exxon Mobil (XOM) and Chevron (CVX) , they offer a different distribution every month, which is highly volatile due to the gyrations of the prices of oil and gas.
Drivers could see gas prices surge to nearly $7 a gallon in some US states as refinery issues bite supply and Chinese demand bounces back
Brace for a spike in US gas prices next year due to refinery disruptions and amid renewed energy demand...
Brace for a spike in US gas prices next year due to refinery disruptions and amid renewed energy demand from China as the Asian nation reopens its economy, according to GasBuddy.
"2023 is not going to be a cakewalk for motorists. It could be expensive," said Patrick De Haan, head of petroleum analysis at the firm, which tracks fuel costs, in its 2023 fuel outlook.
The national average price of gas at the pump could top around $4 a gallon in most major US cities as early as May next year, De Haan said, from $3.18 on Friday. Cities in the West Coast state of California, such as San Francisco and Los Angeles, could see gas prices approach nearly $7 a gallon in the summer of 2023, according to GasBuddy.
