Oil giants Exxon Mobil Corporation (NYSE: XOM) and Chevron Corporation (NYSE: CVX) both reported their respective third quarter earnings that make it clear that the negative impact from the COVID-19 pandemic is translating to poor demand. So what’s next for the oil giants? Oil was slumping before 2020 Oil and energy prices have been falling even before the start of 2020, Danielle Shay, Simpler Trading Director Of Options said on CNBC’s “Trading Nation.” In fact, the energy group started to show weakness way back in 2018 and the pandemic merely added to the already bearish narrative. Investors looking to takeFull Article
What’s next for Exxon and Chevron after reporting earnings?
Related news coverage
Bank of America says oil is set to reverse pandemic losses after 'the worst earnings season in a generation' — and shares its 7 top stock picks
· After plummeting this spring, oil prices are set to recover pandemic-fueled losses by the first half of next year, according to..
You might like
Stocks on Wall Street inched higher Monday, driving the indexes to record closing highs. As Fred Katayama reports, falling energy..