Torvy
Super Member
But they have always been international, that part hasn't changed. The lower expenses piece is all domestic. Despite inflation driving up costs, relative expenses are down because they are holding off on a lot of investment due to policies. They are effectively cashing out investments. Not sustainable, they are just hoping for regime change in 24.Glad you clarified policies. Some seem hard stuck on US policy alone.
The oil companies have "policies" figured out. 2024 looks to be a another high bar year for them. Why? They play in a global market, not a US defined or influenced one.