3 Top Oil Stocks That Can Still Thrive Even Though Oil Prices Have Dropped Into the $60s

Group 1: Oil Price Trends - Crude oil prices have fallen over 10% this year, with Brent crude now in the low $60s, impacting cash flows for oil companies [1] - The significant concern for oil companies arises when prices drop below$50 per barrel, as this is the break-even point for some firms [6] Group 2: Company Resilience - TotalEnergies is well-positioned to handle lower oil prices due to its diversified business model and strong cash reserves, with a net debt-to-equity ratio around 15% [4][5] - ExxonMobil's upstream segment, which accounts for nearly 70% of its earnings, is expected to maintain resilience, with a projected breakeven price dropping to $35 per barrel by 2027 and$30 by 2030 [9][10] - Chevron has the lowest upstream breakeven level in the industry at around $30 per barrel, supported by strategic acquisitions and a strong balance sheet with a net debt ratio of 14$110 billion in incremental cash flow by 2030 at a Brent price of $55, with plans to invest nearly$140 billion in major projects [11][12] - Chevron's investments are expected to generate an additional $9 billion in annual free cash flow at$60 oil, alongside a potential $60 billion acquisition of Hess to enhance its resource portfolio [16][17]