A big company called Exxon Mobil and another one named Chevron did not make as much money as people thought they would. This made some people worried about other smaller companies in the same group. So, their shares went down a lot and other things related to them also lost value. Read from source...
1. The title of the article is misleading and sensationalized. It implies that US energy stocks are falling due to oil giants' subdued earnings reports, but it does not mention other factors that could be contributing to the decline, such as global economic uncertainty, geopolitical tensions, or supply chain disruptions.
2. The article focuses too much on Exxon Mobil and Chevron, which represent only 40% of the holdings in the XLE gauge. It ignores other energy companies that might have more significant impacts on the sector's performance, such as renewable energy firms or nuclear power plants.
3. The article uses outdated data and figures, such as Exxon Mobil's potential worst day since mid-March 2023. This is inaccurate and misleading, as the stock price and market conditions change constantly and cannot be compared to a fixed point in time.
4. The article lacks objectivity and balance, as it only presents negative views on the energy sector and its prospects. It does not provide any counterarguments or alternative perspectives that could challenge the pessimistic outlook.