by Tyler Laundon, WealthWire:
You might expect big oil companies like Exxon Mobil (NYSE:XOM) and Chevron (NYSE:CVX) to profit from the oil and gas discoveries in the U.S.
But the fact is, these energy giants are missing out. Last year, Exxon’s production fell by 6%. And Chevron’s cost to produce oil and gas has surged 41%. That combination of shrinking production and higher costs isn’t a recipe for success.
But there is one overlooked industry that stands to benefit considerably from the changing energy landscape in the U.S.
That big winner is the transportation industry. That’s because it spends nearly 20% of its gross output just on energy. And cheaper energy has a huge impact on the bottom line.
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