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4 Big Cap Oil Stocks: Breaking Out And Hitting New Highs

The article by John Navin on Forbes, published on January 20, 2025, discusses the performance of four major oil companies whose stocks are experiencing significant breakouts and reaching new highs. The companies highlighted are ExxonMobil, Chevron, ConocoPhillips, and Occidental Petroleum. The article points out that these stocks are benefiting from a combination of factors including rising oil prices, geopolitical tensions affecting oil supply, and strong earnings reports. ExxonMobil and Chevron are noted for their robust financial health and strategic investments in both traditional oil and emerging energy sectors like renewables. ConocoPhillips has seen gains from its focus on exploration and production, while Occidental Petroleum's stock surge is partly attributed to its acquisition strategies and the backing of influential investors like Warren Buffett. The piece suggests that these developments could signal a bullish trend for the oil sector, potentially attracting more investor interest in big-cap oil stocks.

Read the Full Forbes Article at:
[ https://www.forbes.com/sites/johnnavin/2025/01/20/4-big-cap-oil-stocks-breaking-out-and-hitting-new-highs/ ]