Stocks Analysis by The Tokenist (Timothy Fries) covering: Chevron Corp, Exxon Mobil Corp, Brent Oil Futures, Crude Oil WTI Futures. Read The Tokenist (Timothy Fries)'s latest article on Investing.com
As expected, President Trump’s friendliness to the oil and gas industry carried over to his 2nd term. Following the avalanche of executive orders on January 20th, multiple ones were aimed at federal agencies to remove regulatory burdens against the energy sector.
“It depends on what the price is. If the oil is properly priced, if they treat us properly — which they don’t.”price, now at $75.61 per barrel, has remained stable, down only 0.88% year-to-date, having dropped 6.55% over one year. In addition to tariffs, President Trump expects Saudi Arabia to push OPEC+ to lower oil prices by boosting production.
For the full year, as the largest domestic oil producer, ExxonMobil generated $33.46 billion in earnings, significantly down from 2023’s $38.57 billion, suggesting the economy slowed down under the Biden admin.
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