Why ExxonMobil, ConocoPhillips, and Shell Stocks Dropped Today
ConocoPhillips(COP) The Motley Fool·2024-09-26 23:23
Falling oil prices mean cheap oil stocks. But one of these stocks is cheaper than the others.Thursday is looking like a rough day for oil stocks. Oil prices are falling, and oil stocks are following them down.As OilPrice.com reports, Brent crude oil prices fell 2.8% through 10:30 a.m. ET today, to about $71 per barrel, while U.S.-preferred West Texas Intermediate (WTI) crude prices dropped more than 3% to about $67.50. Falling in tandem were shares of oil majors ExxonMobil (XOM -1.93%) (down 1.6%), ConocoPh ...