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Oil stocks rallying in 2021, despite Biden's fossil fuel threats

Oil stocks rallying in 2021, despite Bidenรขย€ย™s fossil fuel threats By Michael Bellusci on 2/8/2021 (Bloomberg) --U.S. oil and gas stocks, by far the worst performers last year, are standing out as the best in 2021 -- a turnaround that might seem a bit surprising given the new balance of power in Washington. Companies including Exxon Mobil Corp., Diamondback Energy Inc. and Marathon Oil Corp. have posted double-digit gains this year as a rebound in oil prices a...
United States Rick Muncrief Laura Lau Michael Bellusci Joe Biden Exxon Mobil Corp

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Big Oil Stocks Rally Despite Democrats' Fossil-Fuel Stance

Article content (Bloomberg) โ€” U.S. oil and gas stocks, by far the worst performers last year, are standing out as the best in 2021 โ€” a turnaround that might seem a bit surprising given the new balance of power in Washington. Companies including Exxon Mobil Corp., Diamondback Energy Inc. and Marathon Oil Corp. have posted double-digit gains this year as a rebound in oil prices and the prospect of an economic recovery have outweighed risks to the industry from a Joe Biden administration. The ...
United States Rick Muncrief Laura Lau Goldman Jeff Currie Brompton Corp Holt Co

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