With 2022 behind us, many have reflected on what a banner year it has been for oil stocks. From pariah to market darling amid an energy crisis, major stocks like Exxon (+71.42%) and Chevron (+49.45%) have seen major gains. WTI, however, closed out the year at just $4 above (+5.3%) where it was at the start of the year—and other components of the oil industry seem equally as lackluster. U.S. crude oil production hasn’t kept pace with the meteoric rise in some oil company stocks. It also hasn’t seen the same increase…
