These energy ETFs position you to capitalize on rising crude prices.
Top executives at U.S. oil giants Exxon Mobil and Chevron Corp said on Monday that the U.S. needs to clarify rules on energy subsidies to drive the rapid, large-scale investments needed to fight climate change. President Joe Biden has been trying to encourage energy producers to slash emissions using technologies like carbon capture and green hydrogen that are expensive and have yet to be proven at scale.
ExxonMobil (XOM) is moving forward with the LNG project. It expects the project to enter a front-end engineering and design phase in the coming months.