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XOM - Introducing A New Way To Trade Energy: Big Oil Is A Target For Traders
Exxon Mobil Corporation
The oil industry isn’t going away any time soon, even if the world continues to move towards clean energy. The U.S. has never been as energy self-sufficient as it is today, thanks to domestic oil and natural gas production. And that trend that does not seem to have an end in sight—with bidding wars over the Permian Basin and high-flying acquisition prices for oil companies making news in the sector.
The oil and gas industry can be divided into three segments, with each able to create its own energy market gyrations and moments of opportunity