ExxonMobil XOM and Chevron CVX, two giants in the energy world, stand as the cornerstones of the U.S. energy industry, commanding market capitalization of $499 billion and $279 billion, respectively.
Canada is the biggest foreign supplier of crude oil to U.S. refiners. Canada’s energy exports to the United States were worth close to $160 billion—most of that in the form of crude oil ...
One might expect that a large part of that would be a bullish move in US oil stocks but, while that has happened to some extent, the exuberance of the market has been tempered by the fact that ...