Reported 4 months ago
Exxon and Chevron reported earnings that exceeded expectations, yet both companies are grappling with declining oil prices that are impacting the energy sector negatively. Energy expert Daniel Dicker expressed skepticism about investing in this sector under the current administration, citing geopolitical and economic risks that overshadow their financial performances. He suggested that there are few attractive investment opportunities in the energy field and emphasized a pivot towards renewable energy options, which are also facing challenges due to policy shifts.
Source: YAHOO