6/29/2023 0 Comments The risk elle![]() ![]() There may be a strong short-term and possibly medium-term demand for fossil fuels, I will concede that. I’m glad you’re happy to take the bull side because I’m extremely bearish on the outlook for fossil fuels long-term. ![]() Karrie Gordon, staff writer, VettaFi : Elle, I’m excited to talk with you today about a topic I’m very passionate about. Net-Zero Energy Transition Nukes Fossil Fuel Demand These companies are continuing to deliver value to shareholders in the form of generous dividends and stock buybacks. Exxon Mobil Corp (XOM) and Chevron Corp (CVX) collectively reported $18 billion in profits during the first quarter, marking a record first quarter for Exxon. The benchmarks gained 50% and 55% the year prior, rebounding from 2020 lows.Įven as energy commodity prices have softened in 2023, traditional energy companies have demonstrated resilience. ![]() ![]() Last year, international benchmark Brent gained about 10% and West Texas Intermediate (WTI), the U.S. I see an opportunity here for a long-term position and 2022 was a great demonstration of what exposure to crude oil/ natural gas can do for your portfolio. ![]()
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