Volatility Worries? These Oil Stocks Resilient: CVX, COP, EOG
Chevron(CVX) ZACKS·2024-08-29 19:45
Companies in the oil-energy sector are vulnerable to crude price volatility, which exposes their businesses to considerable uncertainty. Fluctuations in oil prices can affect revenues, profitability and cash flow, making it challenging for these companies to predict earnings and plan long-term investments.However, this doesn’t mean investors should avoid energy companies altogether. Firms like Chevron Corporation (CVX) , ConocoPhillips (COP) , and EOG Resources Inc (EOG) boast strong balance sheets that ena ...