China’s retaliatory tariffs on the U.S. may cause oil exports to decline in 2025, Arathy Somasekhar of Reuters reports. While China’s purchasing of oil has diminished in recent years, exports were 166,000 barrels per day in 2024, accounting for nearly 5% of all of U.S. crude exports. Publicly traded companies in the space include BP (BP), Chevron (CVX), ConocoPhillips (COP), Exxon Mobil (XOM), Shell (SHEL) and TotalEnergies (TTE).
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on CVX:
- Chevron price target lowered to $171 from $174 at Barclays
- Chevron price target lowered to $160 from $164 at Truist
- AI Daily: OpenAI unveils AI research tool ‘Deep Research’
- Chevron, Exxon (NYSE: XOM) Steady as OPEC+ Sticks to Oil Plan Amid Volatile Session for Crude
- Chevron price target lowered to $175 from $180 at Raymond James