Exxon, Chevron Stocks Slip as Oil Prices Tumble. Why They May Fall Further.
Express News | Shares of Oil Companies Are Trading Lower After Israel Reportedly Did Not Damage Iran's Oil Sites Amid Strikes Over the Weekend
Borrowing to repurchase stocks! Cash flow crisis for oil giants, will the refining industry's 'platinum era' come to an end in the slump of oil prices?
With the decline in crude oil prices and refining profit margins, four of the five supermajor oil companies may need to borrow money to fund the recent $15 billion share buyback in the last quarter.
Express News | APA Corp Down 3.5%, Phillips 66 Down 1.6%, Valero Energy Down 1.8%, Marathon Petroleum Down 2.1%
Express News | Chevron Down 1.8%, Exxon Mobil Down 2.3%, Conocophillips Down 2.4%
Express News | EOG Resources Down 2.6%, Halliburton Down 2.5%, Marathon Oil Down 2.7%
Expand
