Why Big Oil Stocks Are Surging Past 100 Dollar Crude

In this episode of The Quarterly Review, Lucas and Luna examine why big oil stocks like ExxonMobil and Chevron are surging despite crude topping $100 a barrel. They explore the structural shift in energy earnings: disciplined capital spending, record buybacks, and surprisingly low debt levels. Lucas reveals that ExxonMobil's free cash flow breakeven is now below $45 a barrel, down from $70 a decade ago, and explains how that changes the relationship between oil prices and stock prices. The hosts also touch on U.S. GDP growth holding at 2.1% annualized. A donation segment ties the topic's focus on durable business models to listener support at buy me a coffee dot com slash fexingo. #OilStocks #ExxonMobil #Chevron #CrudeOil #EnergySector #Earnings #FreeCashFlow #Buybacks #Dividends #CapitalDiscipline #GDP #July2026 #BrentCrude #StockMarket #Business #Finance #FexingoBusiness #BusinessPodcast Keep every episode free: buymeacoffee.com/fexingo