Exxon, Chevron, sooooo disappointing

Shell might have done already, but Exxon, Chevron's financials, released today, were quite disappointing. Still too soon for them to have recovered after the 2014 crash? Too big to rebound fast? Something else? Shell is now making more money at $60 oil than they were at $100 oil. 

Exxon and Chevron WAYYY down. Ugly ugly ugly.

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yeah, so much for the recovery. Had a whole list of stocks I was banking on good news for return, but it's all fallen flat. Completely interested in oil stocks right now. 

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Overall, stronger dollar and weaker stocks are bringing things down. No one's gotten over their shale concerns. I would touch them for a while myself. Inventory builds will further hit this. 

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But still they say that WTI is outpacing futures contracts for Brent.

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Canada's Imperial Oil looking quite sucky on bad financials today too. 

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2 hours ago, TraderTate said:

But still they say that WTI is outpacing futures contracts for Brent.

Indeed. Here's a prediction for you. WTI will be the new global benchmark. 

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