3 Top Oil Stocks That Can Still Thrive Even Though Oil Prices Have Dropped Into the $60s
Crude oil prices have slumped this year. Brent, the global oil price benchmark, has fallen more than 10% on the year, pushing it into the low $60s. That slump will impact the cash flows that oil companies produce. However, some oil stocks are in a better position to handle lower oil prices than others. TotalEnergies (NYSE: TTE), ExxonMobil (NYSE: XOM), and Chevron (NYSE: CVX) stand out to a few Fool.com contributors for their ability to continue thriving at lower crude prices. Here's a closer look at these top-tier oil stocks.Image source: Getty Images.Continue reading
Crude oil prices have slumped this year. Brent, the global oil price benchmark, has fallen more than 10% on the year, pushing it into the low $60s. That slump will impact the cash flows that oil companies produce.
However, some oil stocks are in a better position to handle lower oil prices than others. TotalEnergies (NYSE: TTE), ExxonMobil (NYSE: XOM), and Chevron (NYSE: CVX) stand out to a few Fool.com contributors for their ability to continue thriving at lower crude prices. Here's a closer look at these top-tier oil stocks.
Image source: Getty Images.
