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Oil market environment better for refiners than crude oil, says Wells Fargo's Sam Margolis
CNBC Televisionยท2025-10-17 19:28

All right, let's talk energy now because your next guest just launched coverage of some big oil and gas companies for Wells Fargo. The report is titled, "Don't feed the bears, pay them dividends." Sam Margolan covering oil and gas for Wells Fargo joining us now. Sam, uh, welcome.On the big integrated side, you like Chevron, Exon, and Marathon Petroleum. Why are those stocks overweights right now even as the price of oil goes down almost every day. >> Yeah.Hey, thanks for having me. Um, you're right, the env ...