Can EOG & COP Weather the Tariff-Induced Market Uncertainty?
Oil prices have recently fallen to their lowest level in over four years, with the price of West Texas Intermediate crude currently trading below $57 per barrel. Concerns about slowing energy demand due to the escalating trade war between the United States and China are weighing on the price of the commodity. Amid the ongoing uncertainty and low commodity pricing scenario, can upstream majors like EOG Resources Inc (EOG) and ConocoPhillips (COP) weather the storm? Low Breakeven Cost & Strong Balance Sheet t ...