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EIA Projects Higher Oil Price in 2026: What Lies Ahead for ExxonMobil?
ZACKS· 2026-03-12 16:00
Key Takeaways ExxonMobil stands to benefit as EIA expects higher WTI prices this year versus last year.XOM boosts well recoveries by up to 20% in the Permian using lightweight proppant technology.ConocoPhillips' Delaware Basin assets contribute significantly to its Lower 48 production.The price of West Texas Intermediate (WTI) crude is trading at more than $90 per barrel, according to data from oilprice.com, owing to the ongoing war in the Middle East. Also, in its latest short-term energy outlook, the U.S. ...