Oil’s Q3 2024 downtrend mirrors Q1 2023, with profits set to decline again.

by

Oil has experienced a downtrend in Q3 2024, influenced by several factors: geopolitical tensions, EIA forecasts, OPEC+ production cuts, and slow growth in China. This pattern mirrors Q1 2023, where oil company profits subsequently declined.

2023 Q1 Chart

 

2024 Q3 Chart

Here is a comparison of some oil companies earnings :

2023

2024

Disclaimer

This is not financial advice. I’m a regard who is trying to learn something about stock market .

Credit to: UlquiorraCfier

Uh-oh! It looks like you're using an ad blocker.

Our website relies on ads and the generous support of readers like you to keep delivering free, high-quality content. Right now, we are facing serious funding challenges and we need your help more than ever. Disable your ad blocker and this message will vanish. You can also sign up for a membership to enjoy an ad-free experience while supporting our work: https://citizenwatchreport.com/plans/subscriptions/ Your support helps us stay independent, continue our work, and keep content free for everyone. We truly appreciate your understanding and thank you for standing with us.