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3 Stocks to Watch on Oil Companies' Rush to Drill Land
CVXChevron(CVX) Zacks Investment Research·2024-03-20 13:50

The energy market has witnessed significant mega-merger deals as oil prices continue to stay in bullish territory. Oil and gas companies are swiftly pursuing additional drilling resources in key basins and shale plays, aiming to boost profits through increased production of these commodities.High Oil Price & Merger FrenzyThe West Texas Intermediate crude has surpassed the $80 per barrel mark, which is highly conducive for exploration and production endeavors. Per the short-term energy outlook from the U.S. ...