Last year, the U.S. energy sector emerged as the class valedictorian after it finished strongly in the green, the only of the country’s 11 market sectors to pull off the feat. Indeed, the sector’s popular benchmark, the Energy Select Sector SPDR Fund (NYSEARCA: XLE) finished the year with a 53% gain, with most Big Oil stocks putting up impressive returns.
For instance, Exxon Mobil Corp. (NYSE: XOM) rocketed 73.6%; Chevron Corp. (NYSE: CVX) returned 50.5% while ConocoPhillips (NYSE: COP) was up 68.8%. But Big Oil’s neighbor to…Why Canadian Oil & Gas Will Remain Hot In 2023
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