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Gold/Mining/Energy : Big Dog's Boom Boom Room

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From: Elroy Jetson6/21/2025 2:59:42 PM
1 Recommendation

Recommended By
nicewatch

   of 206084
 
Chevron has the lowest oil price breakeven level in the oil industry, currently less than $30 per barrel. finance.yahoo.com

Chevron's balance sheet has an extremely low 20 cents of debt for each Dollar of equity with a P/E of 17.2
.

Exxon aims to lower its crude oil break-even price to $35 a barrel by 2027, and $30 by 2030. barrons.com

Exxon has just 12 cents of debt for each Dollar of equity with a P/E of 15.2
.

As the cost of capital continues to rise these low debt costs make these companies quite distinct from heavily leveraged smaller oil companies, typically with much higher oil break-even costs as well — where prices below $60 shuts down new projects.

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