Watch These 3 Large-Cap Energy Stocks for Attractive Yields
Chevron(CVX) ZACKS·2024-06-05 13:16
At around $74 per barrel, crude prices are more than 13% lower than the 2024 highs reached in April, primarily due to lackluster gasoline demand and sluggish consumption growth in China and Europe, coupled with rising U.S. shale production. Meanwhile, natural gas is trading below $3 on high production and a mild winter that led to bloated inventories.Given the current state of affairs in the energy sector, it seems a wise investment strategy to search for stocks that provide a solid level of defense and oft ...