direct attack on Iranian oil fields by Israel, prices likely will remain
below $70 for the foreseeable future.
-- BP has fared worse than U.S. peers recently -- it is leaning into the
energy transition away from fossil fuels more than others have. Its
American depositary receipts are down 12% since the start of the year.
What's Next: BP's results underscore the fact that the oil business isn't anywhere near as profitable as it was two years ago, when Russia's invasion of Ukraine sent crude prices much higher. Shell, another U.K.-based oil major, reports Thursday, while Exxon and Chevron earnings are out Friday.
-- Brian Swint and Paul R. La Monica
***
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Everyone will start with the same amount and can trade as often or as little as they choose. We'll track the leaders and at the end of the challenge the winner whose portfolio has the most value will be announced in The Barron's Daily newsletter.
Are you ready to compete? Join the challenge and pick your stocks here.
***
-- Newsletter edited by Liz Moyer, Patrick O'Donnell, Rupert Steiner
This content was created by Barron's, which is operated by Dow Jones & Co. Barron's is published independently from Dow Jones Newswires and The Wall Street Journal.
(END) Dow Jones Newswires
October 29, 2024 06:54 ET (10:54 GMT)
Copyright (c) 2024 Dow Jones & Company, Inc.
