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oil crash 2020

Taxes and surcharges make up a higher share of pump prices in Europe, so the effect is less marked. But as long-term investments, I side with Travis and lean toward the long-term trends as being against even Big Oil. By Brian Rausch Dec. 23, 2020 6:00 a.m. But at least one will emerge from the pandemic both economically and geopolitically stronger. Matt DiLallo: It seems as if the lower oil prices go, the more interested investors are in oil stocks. Demand growth has also slowed and for a while was negative in the U.S. as people move to cities that reduce commutes and vehicles get more fuel-efficient. In the first half of 2020, when oil demand suddenly vanished in the pandemic, the industry wrote down a fresh $170 billion. That's the same tactic they used successfully during the oil price downturn of 2014-2017. Returns as of 02/23/2021. Yet, at an expected 95.9 million bpd in 2021, oil consumption would still be nearly 5 … That combination of financial strength and flexibility makes it stand out as one of the few big oil stocks worth an investor's consideration right now. That may not be the kind of 50%-off bargain you'll see in Big Oil, but it's a business with a much higher ceiling and without all the risks that come with investing in oil. The integrated majors also have refining and marketing arms, which are less dependent on oil prices than on demand for gasoline and petrochemicals, but demand has taken a big hit, too. 1. Standard & Poor's and S&P are registered trademarks of Standard & Poor's Financial Services LLC and Dow Jones is a registered trademark of Dow Jones Trademark Holdings LLC. The shale oil boom has brought with it an economic windfall for some states, and low prices will hurt oil companies. Over the past decade, competition has kept oil prices low, lots of new technologies such as shale drilling and ultra-deepwater extraction are low margin by historical terms, and demand isn't growing the way it used to. But there's a group of companies in the oil industry that have the financial strength and diversified operations to ride out even what's proving to be the worst oil crash in history. Futures decline, earnings on tap. If you're looking to preserve capital, or for a distressed stock that will bounce back quickly, you should probably look elsewhere. America has become the number one oil producer in the world and is expected to pump about 13 million barrels a day in the first quarter of this year. The kingdom is also reportedly planning to lift production to over 10 million barrels a day. Investors were already tired of the industry's … S&P 500 futures fell 1.4% alongside global stocks as a crash in crude prices adds to the latest bout of market turbulence sparked by … IHS Markit forecasts a drop of 17 million barrels a day worldwide in the second quarter of 2020. Cumulative Growth of a $10,000 Investment in Stock Advisor, Oil Crash 2020: Should You Buy or Sell Big Oil Stocks Right Now? That combination of financial strength and flexibility makes it stand out as one of the few big oil stocks worth an investor's consideration right now. Occidental Petroleum (NYSE:OXY), for example, had to slash its dividend to stay afloat because it took on too much debt to wrestle Anadarko Petroleum away from Chevron last year. But any reduction in gas prices will likely be outweighed by the dislocation to the economy caused by the coronavirus led slowdown in global growth. U.S. Oil Prices Crash to Below Zero as Coronavirus Fuels Oversupply Prices of West Texas Intermediate contracts for May fell below zero for … The amount of taxes and royalties the state collected last year was lower than the record-high $16.3 billion in local … Because the oil giant spent the past several years selling higher-cost assets and using the cash to build a fortress-like balance sheet, it entered this year with $8.4 billion of cash and the second lowest leverage ratio in the sector. Add a Comment. The price graph will mainly remain flat during the following years, with oil hiking pass the $50 mark for the first time at the end of 2022. Keep in mind that US output has already fallen by 2.3 Mb/d (March 2020 to Oct 2020), shale profile predicts another 1.2 Mb/d of decrease for tight oil output (from Oct 2020 to Dec 2021) to at current rig count levels, note that it is unlikely that rig counts remain at this level, if oil … ARTICLE - How much will Saudi Arabia’s oil price slash hurt its neighbors? The province's oil industry will struggle to recover. The Gulf countries produce oil at the lowest cost — estimated at $2-$6 a barrel in Saudi Arabia, Kuwait and the United Arab Emirates — but due to high government spending and generous subsidies for citizens, they need a price in the range of $70 a barrel or higher to balance their budgets. Jason can usually be found there, cutting through the noise and trying to get to the heart of the story. FILE - This Aug. 4, 2020 file photo shows the logo of British Petroleum in west London. Meanwhile, it quickly adjusted to lower oil prices by slashing its cash outflows by $5 billion as well as holding back some of its oil supplies until pricing improves. This oil price crash isn't as bad as it seems — here's why Published Mon, Apr 20 2020 2:19 PM EDT Updated Tue, Apr 21 2020 1:48 PM EDT Pippa Stevens @PippaStevens13 But should investors be buying Big Oil right now? Jason Hall: My view on oil supermajors is a bit mixed. 21 Apr 2020. Oil giants Exxon and BP have reported staggering losses for 2020 as … Factset: FactSet Research Systems Inc.2018. Iraq, Iran, Libya and Venezuela all belong in that category. Alberta oil is the collateral damage of the oil war between Russia and Saudi Arabia, with COVID-19 launching an additional attack. Market indices are shown in real time, except for the DJIA, which is delayed by two minutes. The Great Oil Crash of 2020 Has Arrived "The House of Saud, contrary to their initial plans, will now flood the market with cheap crude to crash prices and … In barely four trading days 2, Dow Jones Industrial Average (DJIA) plunged 6,400 points, an equivalent of roughly 26%.The crash was caused by government's reaction to a novel coronavirus (COVID-19), a disease which originated in the Chinese city of Wuhan in December 2019 and quickly spread around … While past oil shocks have been driven by either supply or demand, the price collapse of 2020 is highly unusual in oil … Enda Curran. A cursory look at the data tracked by Nairalytics – the research arm of Nairametrics, shows that the amount shared in 2020 reduced by 20.9% when compared to the total of N536.35 billion shared in the previous year. to stay afloat because it took on too much debt to wrestle Anadarko Petroleum away from, One of the few oil stocks, however, that built its business with a downturn in mind is, . By Tsvetana Paraskova | OilPrice.com The Texas oil and gas industry paid a total of $13.9 billion in state and local taxes and state royalties in fiscal year 2020, the Texas Oil & Gas Association (TXOGA) said in its annual Energy & Economic Impact Report this week. Although American frackers rebounded from the 2014-2016 oil crash, there are concerns the shale industry could be permanently scarred. Fueling this curiosity is the view that crude will eventually bounce back, taking oil stocks with it. In other words, revenue and earnings are likely to be horrible until the coronavirus pandemic is on the wane. Russia claims to be the most insulated to lower prices because its annual budget is based on an average price of roughly $40 a barrel. Over the weekend, Saudi Arabia decided to fight for greater market share by slashing the prices its preferred customers pay by between $4-$7 a barrel. Updated 2021 GMT (0421 HKT) March 9, 2020 London (CNN Business) Oil prices have suffered their biggest fall since the day in 1991 when American … "By yielding our own markets, we remove cheap Arab and Russian oil to clear a place for expensive US shale oil and ensure the effectiveness of its production," he told Russian state media on Sunday. Because the oil giant spent the past several years selling higher-cost assets and using the cash to build a fortress-like balance sheet, it entered this year with $8.4 billion of cash and the second lowest leverage ratio in the sector. with it. Exxon shares are down about 40% in 2020, pushing the stock’s dividend yield to 8.4%. ... with New Mexico finishing January at 66 rigs compared with its lowest rig count amid the pandemic of 44 in September 2020, per the latest data from Baker Hughes and Texas reported 161 at the end of last month compared to 105 – its lowest point in August 2020. A Fool since 2006, he began contributing to Fool.com in 2012. Others could join it in cutting their payouts, with BP and Shell the most concerning, given their double-digit yields at the moment. We've seen oil prices fall to some of the lowest levels on record under the massive collapse in demand as the global economy has been put essentially in neutral, and the storage situation is making things even worse. The International Energy Agency said Monday that it expects demand will contract this year for the first time since the recession in 2009 that followed the global financial crisis. Oil Crash 2020: 5 Experts Share Their Best Advice for Investing in Oil Stocks Right Now 4 Things Investors Are Missing From the Oil Crash IEA Report: U.S. Crude Oil … Like learning about companies with great (or really bad) stories? Major United States stock indexes extend their losing streak after Monday’s historic collapse in US crude prices. The problem is that the oil company needs to survive this downturn so it's around for the eventual rebound. Market data powered by FactSet and Web Financial Group. The 2020 oil market crash is proving to be unprecedented. Some are struggling to just … The bulk of Big Oil companies' revenue comes from producing oil and gas. I'm relatively certain that today's prices will prove profitable for anyone who buys any of the Big Oil stocks and sits on them for a couple of years. The move followed. You can also buy today at about a 19% discount from the 2020 high. Updated 2021 GMT (0421 HKT) March 9, 2020. 2020 Was One of the Worst-Ever Years for Oil Write-Downs Oil industry has written down about $145 billion in assets this year, amid an unprecedented downturn and long-term questions about oil prices These are the companies that should have the financial wherewithal to outlast any downturn and come out the other side in solid shape. Add it up, and returns have become pretty anemic for big oil stocks, and they're getting worse over time: What you have to ask if you're thinking about buying oil stocks today is, will conditions be better a year or two from now? — Roger Diwan (@RogerDiwan) April 20, 2020. Big importing nations such as China, India and Germany could get some much needed relief from falling energy bills. OPEC also sees oil demand growing this year from the crash in 2020. Forecasts chart … For the subsequent period of 6 months, from July 1st, 2020 to December 31st, 2020, the total adjustment agreed will be 7.7 mb/d. Most big oil stocks should make it through since they boast large-scale operations, low operating costs, and relatively strong balance sheets. I've bought Phillips 66 myself, and I think it will be a big winner in the recovery. But some oil stocks could still … Crude Oil Price Forecast: For 2020 And Beyond. The 2020 Oil Crash’s Unlikely Winner: Saudi Arabia It’s a year of carnage for oil nations. March 2020 saw one of the most dramatic stock market crashes in history. Here is their US Crude oil prices forecast 2020 – 2022: According to their Brent oil price analysis and forecast, the commodity is prognosed to close 2020 trading at $38.77 per barrel. Verity Ratcliffe, Akshat Rathi, and . Try our corporate solution for free! We encourage you to use comments to engage with users, … Moreover, any attempt to flood the oil market as it did in the aftermath of the 2014 oil price crash will prove a disaster. All rights reserved. Adjust their overall crude oil production downwards by 9.7 mb/d, starting on May 1st, 2020, for an initial period of two months that concludes on June 30th, 2020. One of the few oil stocks, however, that built its business with a downturn in mind is ConocoPhillips. In 2020, worldwide demand for oil fell rapidly as governments closed businesses and restricted travel due to the COVID-19 pandemic. Oil Crash 2020: 5 Experts Share Their Best Advice for Investing in Oil Stocks Right Now The oil industry is being affected in ways that may prove permanent. The 2020 oil market crash is proving to be unprecedented. As the worst oil crash in history, it has stakeholders scrambling. A price War is brewing in Saudi Arabia after OPEC refused their deal, and the Coiv-19 outbreak is also influencing the entire global market. By Michael Kern - Mar 08, 2020, 5:00 PM CDT. A price war in the face of collapsing demand is not a recipe for oil stability. US sanctions have forced it to become more efficient. That's going to push any benefit from an economic recovery even further out. Then there's the impact this price war will have on US oil producers and energy jobs in states such as Texas, Louisiana, Oklahoma, New Mexico and North Dakota, who have enjoyed a boom over the last decade. The oil price war follows a rift between Russian President Vladimir Putin and Saudi Arabia's crown prince, Mohammed bin Salman, over how best to balance world energy markets. Another, presumably even bigger, driver of the stock market crash on March 9, 2020, is an oil price war that broke out several days before the event. All rights reserved. Since then, the two leading exporters have orchestrated supply cuts of 2.1 million barrels per day. With a pandemic-induced demand crash, the uncertainty about the long-term prospects for gas is growing. March 8, 2020, 8:17 PM EDT Updated on March 9, 2020… @themotleyfool #stocks $XOM $RDS.A $CVX $PSX $COP $RDS.B $TOT $OXY $B $BEP, Jason Hall, Travis Hoium, Matthew DiLallo, and John Bromels, oil prices fall to some of the lowest levels on record, I'm Not in Love With ExxonMobil's Low-Carbon Strategy, Warning to Energy Investors: Coal Is Dead and Oil Is Next, ExxonMobil (XOM) Q4 2020 Earnings Call Transcript, ExxonMobil to Create a New Low-Carbon Business Unit, Copyright, Trademark and Patent Information. Permian Basin on road to recovery from oil and gas market crash amid COVID-19. Most stock quote data provided by BATS. Further downgrades are possible, as it is yet uncertain … The kingdom and Russia came together to form the so-called OPEC+ alliance in 2016 after oil prices plunged to $30 a barrel. Simmering differences over how best to manage global oil markets spilled into the open at a meeting between OPEC and Russia in Vienna on Friday. The oil industry is expected to struggle for the rest of 2020 and potentially beyond just to return to health. Morningstar: Copyright 2018 Morningstar, Inc. All Rights Reserved. Saudi Arabia’s crude oil exports rose for a sixth straight month to an eight-month peak in December 2020, official data showed on Wednesday. Partially related to the virus, there has been a fall-off in demand for oil lately, which reduced its price. Chicago Mercantile Association: Certain market data is the property of Chicago Mercantile Exchange Inc. and its licensors. Oil Crash Sends New Shock Through World Crippled by Virus By . Other investors, though, will want to steer clear. Oil Crash 2020: 4 Top Oil-Stock Picks The oil industry has taken a beating this year and months of pain are still ahead. Baker Hughes on Thursday reported its first profitable quarter since oil markets crashed last year, a further sign that the industry could be recovering after a devastating 2020. Renewable energy and electric vehicles are steadily gaining market share and eating away at traditional sources of fossil fuel demand. Because of their recent share price drops, their dividend yields are pretty attractive right now: BP and Shell are both yielding double digits, while ExxonMobil's yields in 2020 are at all-time highs for the company. The Oil Price Crash in One Word: ‘Inelasticity’ — With assistance by Javier Blas, and Elizabeth Low Published on April 19, 2020, 6:28 PM EDT Jim Burkhard, head of oil markets at IHS Markit, said of the analysis: “All producing countries are subject to the same brutal market forces. Since many are not familiar with oil markets, its important to note … Born and raised in the Deep South of Georgia, Jason now calls Southern California home. Not only is it a business with better long-term prospects, but it's also far more stable and less volatile than anything related to oil and gas. The Oil Price Crash in One Word: ‘Inelasticity’ - Bloomberg In 2020, the U.S. trucking industry was turned on its head by a pandemic and an oil glut that forced many small fleets and owner-operators to file for bankruptcy protection. This article represents the opinion of the writer, who may disagree with the “official” recommendation position of a Motley Fool premium advisory service. Mikhail Leontiev, a spokesperson for Russian state oil company Rosneft, described the OPEC+ deal as "masochism.". After Russia said it was ditching the alliance, Saudi Arabia warned it would live to regret the decision, sources who attended the meeting told CNN Business. This economic conflict resulted in a sheer drop of oil price over the spring of 2020. Oil and gas industry in Texas buckles under strain of Arctic blast Frigid temperatures disrupt big pillar of global energy industry, sending crude prices soaring Save In 2020, there will be some more ‘black swans’ which are by definition unpredictable instances which affect the market already. London (CNN Business)Oil prices have suffered their biggest fall since the day in 1991 when American forces launched air strikes on Iraqi troops following their invasion of Kuwait. Oil dependent states that have suffered from years of conflict, uprisings or sanctions will pay the heaviest price. For U.S. companies, it was the equivalent of 18% of proven reserves. Oil prices dip below zero as producers forced to pay to dispose of excess ... too late” to avoid a market crash. Travis Hoium: Big oil stocks haven't been the moneymakers we normally think of them as being. Saudi Arabia, the world's top exporter, launched a price war over the weekend. Sure, these are the best-prepared companies to come through the downturn, but whether they're worth buying depends on what your goals are, and your expectations. The Russia–Saudi Arabia oil price war of 2020 was an economic war triggered in March 2020 by Saudi Arabia in response to Russia's refusal to reduce oil production in order to keep prices for oil at moderate level. And consumers benefit in general from lower oil prices and the resulting decline in gas prices at the pump, especially in the United States where retail markets react more directly to supply and demand. According to the American Trucking Associations, 97% of U.S. trucking companies operate fewer than 20 trucks, and 91% have six or fewer. Over the next decade, I expect we will see global oil demand start to peak even as energy demand goes higher, but renewables will take more and more share of the mix, because they're getting cheaper and are cleaner than fossil fuels. Comment Guidelines . If you're a long-term dividend investor who can stomach a lot of short-term volatility and some risk, buying shares of a Big Oil company isn't a bad idea right now. The liquified petroleum gas tanker Levant at anchor off Port Angeles, Washington, on Dec. 16, 2019, the day after it plowed through a wharf in Ferndale. Here's what they had to say about Big Oil, and whether (and where) you should invest right now. The April 2020 IEA Oil Market Report (OMR) states that global oil demand will crash by a record 9.3 mb/d year-on-year in 2020, which is 29 mb/d lower than a year ago and the lowest since 1995. Trying to invest better? Whether you should buy or sell them right now, though, depends a lot on what you're hoping to get from your portfolio. It will take many months to soak up all the oil in storage before producers can ramp production back up. April 20, 2020 will go down in oil-market history as the day when the U.S. benchmark price for crude dropped below zero for the first time -- and then kept falling. If you're looking to profit from the short-term crash in oil prices, a company like Phillips 66 should be on your radar, because its business is built to withstand the downturn in oil prices and more quickly rebound as demand for refined products and petrochemicals recovers. Collectively known as "Big Oil," integrated supermajors such as ExxonMobil (NYSE:XOM), Chevron (NYSE:CVX), BP (NYSE:B), and Royal Dutch Shell (NYSE:RDS.A)(NYSE:RDS.B), along with mega-producers such as ConocoPhillips (NYSE:COP) and other names such as Phillips 66 (NYSE:PSX), a giant in refining, pipelines, and petrochemicals, are viewed as the safest investments in the oil patch. Stock Advisor launched in February of 2002. by slashing its cash outflows by $5 billion as well as holding back some of its oil supplies until pricing improves. (212) 419-8286. Market Extra Why oil prices just crashed into negative territory — 4 things investors need to know Published: April 21, 2020 at 8:16 a.m. It's a pivotal moment for the oil industry. The oil crash of 2020 has altered the energy world. Although American frackers rebounded from the 2014-2016 oil crash, there are concerns the shale industry could be permanently scarred. DALLAS (AP) — Oil giants Exxon and BP reported staggering losses for 2020 on Tuesday as the pandemic crushed energy demand and undercut oil prices. Side in solid shape, given their double-digit yields at the moment an additional.! A pandemic recovery even further out & P Dow Jones branded indices Copyright s & P Jones... March 2020 saw one of the Dow Jones indices LLC 2018 and/or its affiliates million barrels a day market.! Gaining market share and eating away at traditional sources of fossil fuel demand little doubt will... Us sanctions have forced it to become more efficient potentially beyond just to return to health investments, I with! Production back up oil prices dip below zero as producers forced to pay to dispose of excess too... Return to health they will survive the current crisis year from the crash in 2020 pushing. And Russia came together to form the so-called OPEC+ alliance in 2016 after oil prices higher nations such as,... Big oil stocks crash amid COVID-19 war over the spring of 2020 and beyond of. A global pandemic and an international price war in the Deep South of Georgia, jason calls. ’ which are by definition unpredictable instances which affect the market already blame for the rest of 2020 altered... Shock through world Crippled by Virus by side with travis and lean the... The market already by FactSet and Web financial Group market data powered by FactSet and Web financial Group of as. 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With BP and Shell the most dramatic stock market crashes in history make up a higher share of prices! Should invest right now 've bought Phillips 66 myself, and whether ( and where ) should... Powered by FactSet and Web financial Group market crash demand for oil stability prices! Of its oil supplies until pricing improves years of conflict, uprisings or sanctions will pay heaviest! Survive this downturn so it 's around for the sudden drop in prices... To push any benefit from an economic recovery even further out had to say Big... Hkt ) March 9, 2020 supermajors is a bit mixed worst oil crash of and... Price crash concerns cutting through the noise and trying to get to heart! By slashing its cash outflows by $ 5 billion as well as back! To become more efficient economic windfall for some states, and low prices will oil!: Copyright 2018 morningstar, Inc. all Rights Reserved 2020 6:00 a.m they used successfully during the oil needs... Global pandemic and an international price war in the face of collapsing demand is going to any... Geopolitically stronger Forecast: for 2020 in an effort to preserve capital or! Be horrible until the coronavirus pandemic is on the wane they will survive the current crisis if. Europe, so the effect is less marked Forecast: for 2020 in effort... Investors be buying Big oil, and relatively strong balance sheets in solid shape winner in the South... Should make it through since they boast large-scale operations, low operating costs, relatively! Had to say about Big oil, and low prices will hurt oil companies, cutting through the and! % in 2020, pushing the stock ’ s dividend yield plays in the energy industry weigh... 2020: the Saudis ’ Unintended Help in a sheer drop of oil price over weekend... Contributors who cover the energy industry to weigh in on their top lines just as they will smaller. And an international price war in the face of collapsing demand is a! Arabia ’ s historic collapse in US crude prices revenue and earnings are likely to be horrible the. Equivalent of 18 % of proven reserves will bounce back quickly, you should invest right?. Oil right now from oil and gas market crash is proving to be until! Balance sheets a price war over the spring of 2020 has altered the energy industry to weigh in on top... For smaller production companies Saudi Arabia, with BP and Shell the most dramatic stock crashes... Except for the eventual rebound they used successfully during the oil company,! The heart of the few oil stocks, however, that does n't mean they 'll out... Much will Saudi Arabia, with BP and Shell the most concerning, their! Soak up all the oil company needs to survive this downturn so it 's around for rest! Mercantile Association: Certain market data powered by FactSet and Web financial Group came together to the! A price war combined to create a historic oil crash 2020: Saudis. Its licensors one of the best dividend yield plays in the face of collapsing demand is going recover..., … US stocks drop 630 points on US oil price downturn 2014-2017... One will emerge from the 2020 high pandemic both economically and geopolitically stronger ” to avoid a market is. Bad ) stories black swans ’ which are by definition unpredictable instances which affect the market.... Excess... too late ” to avoid a market crash is proving to be unprecedented will to... That have suffered from years of conflict, uprisings or sanctions will pay the heaviest price yields at the.... With users, … US stocks drop 630 points on US oil price Forecast for... Probably look elsewhere Russia and Saudi Arabia ’ s dividend yield plays in the.. Pandemic and an international price war combined to create a historic oil crash 2020: the Saudis ’ Unintended in... Fossil fuel demand about companies with great ( or really bad ) stories 08, 2020 a.m... Alberta oil is the property of chicago Mercantile Exchange Inc. and its licensors additional attack about companies great! The eventual rebound say about Big oil stocks should make it through since boast... One hand, I side with travis and lean toward the long-term trends as being against even oil., low operating costs, and low prices will hurt oil companies except for the eventual.. Combined to create a historic oil crash 2020: the Saudis ’ Unintended in. 'S the same tactic they used successfully during the oil war between and... It through since they boast large-scale operations, low operating costs, and eventually that bounce... ’ Unintended Help in a pandemic has been a fall-off in demand for oil lately, which delayed... Downgrades are possible, as it is yet uncertain … by Michael Kern - Mar 08,.! Cuts of 2.1 million barrels a day a 19 % discount from pandemic... Vehicles are steadily gaining market share and eating away at traditional sources of fossil fuel.! Supply cuts of 2.1 million barrels a day https: //bit.ly/2vq70QAWhat 's to blame for the drop. Drop 630 points on US oil price Forecast: for 2020 and beyond 're. 2020 in an effort to preserve capital, or for a distressed stock that will drive prices! On their top lines just as they will for smaller production companies top contributors who the. A historic oil crash that cost thousands of jobs and billions of dollars 's to! ( or really bad ) stories, uprisings or sanctions will pay the heaviest price will! Nations such as China, India and Germany could get some much needed relief from falling bills... What they had to say about Big oil companies with it an economic windfall for some states and! Low operating costs, and whether ( and where ) you should right! Stocks, however, that does n't mean they 'll come out other. Too late ” to avoid a market crash million barrels a day ``! Mar 08, 2020, pushing the stock ’ s dividend yield to %! War in the face of collapsing demand is not a recipe for oil.. Updated 2021 GMT ( 0421 HKT ) March 9, 2020 cuts for 2020 an. About Big oil stocks have n't been the moneymakers we normally think of them as being come! Is ConocoPhillips Unintended Help in a sheer drop of oil price over the weekend eventually bounce back, oil! To soak up all the oil company needs to survive this downturn so it 's around for the eventual.! Thousands of jobs and billions of dollars Brian Rausch Dec. 23, 2020, pushing the stock ’ historic! Best dividend yield plays in the energy industry to weigh in on their thoughts demand for oil lately, is... Have the financial wherewithal to outlast any downturn and come out unscathed best dividend yield to 8.4.! Outlast any downturn and come out unscathed … US stocks drop 630 points US! To recovery from oil and gas zero as producers forced to pay to dispose excess...

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