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Oil Majors Anticipate Booming Profits, While Analysts Highlight Renewable and AI-Linked Stocks as Potential Better Buys
Oil majors ExxonMobil and Chevron are expected to report significant earnings on July 31st, with other companies like Marathon Petroleum also projected to see profit surges of over 700%. However, some analysts are looking beyond traditional energy, with Citigroup upgrading renewable energy storage companies Fluence and Energy Vault Holdings to 'buy / high risk', setting price targets of $24 and $5 respectively. Bank of America also named Chevron a 'top pick' but downgraded ExxonMobil to neutral.
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Disclaimer: This content reflects the author's personal views only and does not constitute investment advice.
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