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sefa ozel The Russian invasion of Ukraine is about to reshape global energy markets forever and there’s a case to be made that Exxon Mobil Corporation (NYSE: XOM ) will be one of the major beneficiaries of this development. While in the first half of the year the company has already generated record profits thanks to the spike in prices for major commodities such as oil and natural gas, there’s an indication that Exxon has all the chances to continue to create additional shareholder value in the foreseeable future. Despite the constant talks about the upcoming global recession, which generally leads to the decline in demand and subsequent depreciation of oil and natural gas prices, the European and American sanctions against the Russian oil and natural gas industries are creating a lifetime opportunity for Exxon to expand its market share in various regions. Some sanctions have already crippled Russia’s ability to scale its export of commodities to other markets, while the loss of major western providers of oil and natural gas equipment is making it impossible for Russia to increase the production of fossil fuels. As a result, Exxon is now in the position to greatly benefit from this […]
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