The (https://www.cnbc.com/2026/04/23/iran-war-strait-hormuz-tanker-traffic-oil.html) has traders chasing energy stocks like lottery tickets, but the numbers tell a brutal efficiency tale. $CVX cranks out in operating cash flow on revenue with net margins — decent, but not dominant. Then there's $XOM, the cash conversion machine: operating cash flow on revenue at net margins.

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