Why Top Oil Stocks Like ExxonMobil and Chevron Continue to Fall Despite China's Stimulus and Interest Rate Cuts

By Yahoo! Finance | Oct 1, 2024 at 05:37 AM EST

ExxonMobil and Chevron's stock prices have dropped due to reduced oil demand from China. Despite being well-positioned, they face challenges with OPEC+ decisions impacting oil prices. Both companies offer stable dividends and strong balance sheets, making them attractive investments even in a volatile market.

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