Dec 09, 2024
JPMorgan Sees Headwinds for Oilfield Services Stocks — But These 2 Picks Are Poised to Outperform
Increasing chaos in the Middle East usually brings an oil shock with it – but we also have an incoming second Trump administration, one that is likely to push for an expansion of American domestic oil production. How these currents will interact is difficult to predict, but the oil industry experts at JPMorgan have some insights into the situation. In short, the bank sees likely strength on the exploration and production side of the US oil industry, from a combination of improved efficiencies in