It’s a tough time to invest in energy stocks. Despite being in peak hurricane season, when supply disruptions usually push crude higher, oil is stuck around $60 a barrel, leaving energy stocks under pressure.
Oil giants like Exxon Mobil and Chevron resist the Trump administration’s calls to pump more. Their message is simple: they’re already near record output in the Permian, and new barrels come at a higher cost and lower efficiency.
