Uday Turaga | Source | CEO at ADI Analytics

Smaller, nimbler companies pioneered the U.S. shale boom. But as American production scales up, those frackers are losing ground to Big Oil.

Tropical Storm Harvey has shut a significant portion of the state’s shale production, cutting off as much as 15% of U.S. oil supplies. Now, the big question is how quickly the sector can make a comeback.

The oil giant is struggling as the industry shifts and investors look elsewhere for profits. CEO Darren Woods’s plan to make a comeback by spending more on fossil-fuel projects has so far proved unpopular.