Oil and gas companies are still posting profitable numbers, but experts say the market has hit a wall.
Russia and Ukraine’s ongoing war continues to be one of the biggest influencers on oil and gas markets. “Even without ExxonMobil, for example, companies in energy-related segments would comprise about 20% of the total revenues,” Perryman said. “The numbers will likely be a bit weaker next year, as prices of oil and natural gas were elevated in 2022 as compared to now, but production continues to expand.”For consumer-oriented businesses, 2022 was a bit of a mixed bag. Plano-based movie theater chain Cinemark Holdings Inc. and Fort Worth-based pawn shop operator FirstCash Inc.
“There was a novelty around returning to normal. But we’ve really only adapted to things,” Fox said. “Delivery is much more pervasive than it used to be and the department store business is struggling. Companies need robust supply chains, flexibility and engagement with consumers in digital spaces.”in 2020 before emerging with mall owners as its savior, is an example of the importance of successfully switching to online shopping.