'Drill, baby, drill' should allow US to 'keep a lid' on oil prices
Portfolio Pulse from
Oil prices are decreasing, impacting Exxon Mobil and Shell shares due to narrowing refining margins and slowing natural gas sales. The 'Drill, baby, drill' mantra is discussed in relation to US oil policies.
January 11, 2025 | 5:15 pm
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NEGATIVE IMPACT
Shell shares are ticking down due to slowing natural gas sales and the overall decrease in oil prices.
Shell is facing a decline in its stock price due to slowing natural gas sales and the broader trend of decreasing oil prices, which affects its revenue streams.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
Exxon Mobil shares are experiencing a decline due to narrowing refining margins amidst decreasing oil prices.
The decrease in oil prices is directly affecting Exxon Mobil's refining margins, leading to a decline in its stock price. This is a significant factor for investors as it impacts the company's profitability.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80