Energy: Exxon, Chevron drag sector amid geopolitical risks

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Daniel Yergin News

Exxon Mobil,Chevron,Energy Sector

The energy sector (XLE) is underperforming in Friday's trading session, following disappointing results from industry leaders Exxon Mobil (XOM) and Chevron (...

). S&P Global Vice Chairman Daniel Yergin joined Yahoo Finance to discuss the geopolitical risks looming over the oil market.

"In terms of the oil industry, they're commercial animals," Yergin tells Yahoo Finance, adding,"Their incentive is to produce as much as they can." However, he cautions that concerns about future production softening persist within the industry.Secret Service says agent on Harris’ detail was removed from assignment after distressing behavior

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