ExxonMobil & Chevron – The Oil Giants Soar After Tanker Attacks in the Strait of Hormuz!

Tanker attacks in the Strait of Hormuz drive oil prices above $72 – ExxonMobil and Chevron see significant gains. The otherwise sluggish XOM stock is up 15.5% for the year but still 17.4% below its peak. The sector is currently being driven by geopolitics – both opportunity and risk. Geopolitics driving stock prices The stocks of US oil companies ExxonMobil and Chevron are soaring after oil prices have shot up. The trigger for this was attacks on commercial vessels near the Strait of Hormuz, one of the most important waterways for global...