An increase in oil prices is feasible given the optimistic analyst projections, concerns about supply disruptions, and stability in oil prices brought about by OPEC+ endeavors. In this piece, I evaluated Exxon Mobil Corporation (XOM) and Delek US Holdings, Inc. (DK) to determine which one would produce potentially higher returns in 2024.
In the fourth quarter, U.S. crude oil production experienced a substantial deceleration, contrasting with the upward trajectory of natural gas production. The Dallas Fed Energy Survey revealed a noteworthy decline in the industry's production index, plummeting from 26.5 in the third quarter to a mere 5.3 in the current quarter.
