What’s next for Exxon and Chevron after reporting earnings?

Invezz

Published

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 take

Full Article