Oil is enjoying its best year since prices topped out at more than $100 per barrel a decade ago. Oil and gas behemoth ExxonMobil (NYSE: XOM) has rallied with it, hitting pre-COVID share prices. ExxonMobil's an integrated oil stock, which means it participates in multiple aspects of the oil and gas industry, including the exploration and extraction of fossil fuels (upstream) and the refining and distribution of fossil fuel products (downstream).
TechnipFMC's (FTI) partnership with Magnora ASA to set up wind farms in Scotland is expected to contribute to the country's net-zero targets.
Tortoise Portfolio Manager Rob Thummel joins Yahoo Finance Live to discuss oil price outlook, geopolitical tensions between Russia and the UAE, buying exposure through pipelines, the energy sector, and how oil supplies are trying to keep up with demands.