Moody’s: energy sector remains a strong performer in 2023, but earnings won’t be as good as in 2022. Moody’s: Energy prices are expected to remain cyclically strong through 2023. Moody’s analysts are especially bullish about the prospects of the oilfield services sector The energy sector has enjoyed bumper profits in the current year, with Big Oil companies setting records right, left and center . ExxonMobil (NYSE: XOM), Chevron (NYSE: CVX) and Shell (NYSE: SHEL) together brought in $46 billion in earnings in the second quarter, with all three setting new records for quarterly earnings. Overall, high commodity prices have been largely to thank for the fat earnings by oil and gas companies. And now energy experts are saying the party is set to continue in 2023, only that it won’t be nearly as wild. In a recent Moody’s research report , analysts say they have changed their outlook for […]