Despite the turmoil in the Middle East, oil has stayed quiet for most of 2024, and tensions can always flare up again in 2025. One thing is for sure: the new administration and President Trump will likely take a very tough stance once again on Iran, especially if it continues to feed money to proxy forces like Hamas and Hezbollah. Despite the President’s “Drill, Baby Drill” pledge, the United States averaged 13.2 million barrels daily in 2024, an annual production record.
While screening our 24/7 Wall Street energy research database, two giant exploration and production companies caught our eye. Both have yields significantly higher than the other global majors, and both are trading at levels that look like outstanding entry points.
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