CNBC's Brian Sullivan: Oil Up 9.5% But Exxon and Chevron Barely Moved, and That's the Point

CNBC's Brian Sullivan: Oil Up 9.5% But Exxon and Chevron Barely Moved, and That's the Point

Quick Read Exxon (XOM) and Chevron (CVX) each jumped 3.5% Sunday night but rose just 0.18% and 0.06% Monday as oil held at $77, up 9.5%. Exxon is up 27.15% year-to-date, Chevron up 26%. Exxon and Chevron have restructured to thrive at lower oil prices through cost cuts and volume growth, meaning temporary geopolitical spikes add incremental margin rather than rescuing profitability. Finally! You can open a SoFi Crypto account and access 25 pl…