Oil is by far one of the most volatile commodities in the world. Oil prices and the prices of oil stocks are driven by the major economic and political events across the globe, in addition to the demand and supply dynamics.
Oil stocks are, in general, stocks of the refineries or the companies involved in oil drilling and exploration. Some of the important factors that affect oil stock prices include crude oil price volatility, foreign exchange impact, government controls and subsidies, regulations, and the demand-supply gap.
Overall, oil stocks are excellent avenues for investment due to their strength, sustainability, and ability to generate regular income, in addition to long-term gains.
Ticker | Company Name | Last Price | 1-Year Return | Market Cap |
|---|---|---|---|---|
| XOM | Exxon Mobil Corp | $119.93 | 3.72% | 532.8B |
| CVX | Chevron Corp | $149.70 | -10.11% | 273.8B |
| PTR | Petratherm Ltd | $0.05 | -16.67% | 12.0M |
| TOT | Total Energy Services Inc | $9.53 | 6.24% | 370.2M |
| BP | BP plc | $32.09 | -15.15% | 87.1B |
| SNP | #N/A | #N/A | #N/A | #N/A |
| EQNR | Equinor ASA | $25.99 | -19.44% | 72.5B |
| E | Eni SpA | $30.77 | -1.91% | 50.9B |
| EC | Ecopetrol SA | $9.03 | -19.38% | 18.7B |
| IMO | Imperial Oil Ltd | $73.59 | 22.71% | 52.5B |
| SSL | Sasol Ltd | $6.79 | -48.17% | 4.4B |
| YPF | YPF SA | $21.67 | 78.80% | 11.0B |
| TRNX | #N/A | #N/A | #N/A | #N/A |
| CXO | Core Lithium Ltd | $0.13 | -69.77% | 267.9M |
| HP | Helmerich and Payne Inc | $31.58 | -21.73% | 3.1B |
| TELL | Tellurian Inc | $0.97 | -8.49% | 865.6M |
| PTEN | Patterson-UTI Energy, Inc. | $7.92 | -39.36% | 3.1B |
| JAG | Jaguar Mining Inc | $5.42 | 323.44% | 316.7M |
| VAL | Valaris Ltd | $55.68 | -23.68% | 4.0B |
| AR | Antero Resources Corp | $28.66 | 18.48% | 8.9B |
| NOG | Northern Oil and Gas Inc | $36.40 | -5.75% | 3.6B |
| COP | ConocoPhillips | $109.37 | -6.60% | 127.0B |
| EPD | Enterprise Products Partners LP | $29.31 | 7.76% | 63.6B |
| EOG | EOG Resources Inc | $126.96 | 2.67% | 72.2B |
| OXY | Occidental Petroleum Corp | $53.25 | -14.53% | 49.8B |
| PXD | #N/A | #N/A | #N/A | #N/A |
| HES | Hess Corp | $138.96 | -6.81% | 42.8B |
| FANG | Diamondback Energy Inc | $177.52 | 18.19% | 52.3B |
| CLR | Clerhp Estructuras SA | $4.18 | 42.18% | 60.9M |
| MRO | Marathon Oil Corp | $27.64 | 8.01% | 15.5B |
| DVN | Devon Energy Corp | $39.76 | -12.90% | 24.9B |
| APA | APA Corp (US) | $25.66 | -35.09% | 9.5B |
| COG | Cambridge Cognition Holdings PLC | $34.29 | -51.35% | 14.4M |
| PE | Pure Energy Minerals Ltd | $0.29 | -68.82% | 9.9M |
| WPX | #N/A | #N/A | #N/A | #N/A |
| XEC | iShares Core MSCI Emerging Markets IMI Index ETF | $30.05 | 21.02% | #N/A |
| NFG | National Fuel Gas Co. | $60.26 | 19.37% | 5.5B |
| ETRN | #N/A | #N/A | #N/A | #N/A |
| MUR | Murphy Oil Corp | $34.51 | -21.35% | 5.2B |
| EQT | EQT Corp | $36.25 | -7.27% | 21.5B |
| SLB | Schlumberger NV | $43.14 | -25.54% | 61.3B |
| ET | Energy Transfer LP Unit | $16.10 | 16.84% | 55.1B |
| HAL | Halliburton Company | $29.93 | -24.74% | 26.4B |
| FTI | TechnipFMC PLC | $27.57 | 37.85% | 11.8B |
| NOV | Nov Inc | $16.20 | -20.78% | 6.4B |
| APY | #N/A | #N/A | #N/A | #N/A |
| WHD | Cactus Inc | $61.41 | 24.59% | 4.9B |
| DRQ | #N/A | #N/A | #N/A | #N/A |
| USAC | Usa Compression Partners LP | $23.18 | -1.07% | 2.7B |
| OII | Oceaneering International Inc | $25.42 | 3.17% | 2.6B |
| PSX | Phillips 66 | $132.99 | 11.74% | 55.7B |
| MPC | Marathon Petroleum Corp | $165.82 | 10.53% | 55.5B |
| VLO | Valero Energy Corporation | $137.47 | -0.45% | 44.0B |
| HFC | Hampton Financial Corp | $0.44 | #N/A | 7.3M |
| VVV | Valvoline Inc | $41.39 | 30.53% | 5.3B |
| CVI | CVR Energy, Inc. | $23.50 | -29.64% | 2.4B |
| PBF | PBF Energy Inc | $31.36 | -39.98% | 3.7B |
| DK | Delek US Holdings Inc | $18.81 | -31.28% | 1.2B |
| INT | Intermonte Partners Sim SpA | $2.98 | 25.74% | 96.3M |
| SUN | Sunoco LP | $53.77 | 12.42% | 7.3B |
Examples of Oil Stocks
Oil stocks can be a great investment opportunity for those looking to gain exposure to the energy sector. The oil and gas industry is a vital part of the global economy, and companies in this sector can provide investors with steady income and potential for growth.
Below are some examples of Oil stocks and brief overviews of how the companies operate.
- ExxonMobil (XOM) – ExxonMobil is one of the largest and most diversified oil and gas companies in the world. The company has a strong balance sheet and a track record of steady dividends. ExxonMobil also has a large portfolio of assets, including exploration and production, refining, and chemicals.
- Chevron (CVX) – Chevron is another major player in the oil and gas industry, with a focus on exploration and production, refining, and marketing. The company has a strong financial position, with a low debt-to-equity ratio and a history of steady dividends. Chevron also has a number of major projects in the works, including the development of a large natural gas field in Australia.
- ConocoPhillips (COP) – ConocoPhillips is a large independent exploration and production company with a focus on oil and natural gas. The company has a strong balance sheet, with a low debt-to-equity ratio and a track record of steady dividends. ConocoPhillips also has a number of major projects in the works, including the development of a large oil field in the Arctic.
It’s important to note that the Oil industry is a highly cyclical sector and the prices are subject to fluctuations based on global geopolitical events, natural disasters and other factors. ExxonMobil, Chevron and ConocoPhillips are all great oil stocks to consider for investors looking to gain exposure to the energy sector. These companies have strong financial positions, steady dividends, and a number of major projects in the works, which could lead to future growth.
About the Oil Industry
The oil industry is a vital part of the global economy, providing energy for transportation, heating, and industrial processes. The industry can be broadly divided into three segments: exploration and production, refining, and marketing.
Exploration and production companies search for and extract oil and natural gas from the earth. This segment of the industry is capital-intensive and risky, as there is no guarantee that a discovery will be made or that the discovered resource will be economically viable to extract.
Refining companies take crude oil and process it into various products such as gasoline, diesel, and jet fuel. This segment of the industry is also capital-intensive and requires significant infrastructure to operate.
Marketing companies distribute and sell the refined products to consumers and industrial users. This segment of the industry includes gasoline stations, fuel distributors, and other companies that sell fuel to customers.
The oil industry is also subject to significant fluctuations in price, which can have a major impact on the profitability of companies in the sector. Prices are affected by a variety of factors, including global supply and demand, geopolitical events, and natural disasters.
In recent years, there has been a growing focus on renewable energy sources and reducing carbon emissions, which could lead to a decrease in demand for oil and have a negative impact on the industry in the long term. However, oil and gas will continue to be important source of energy for the foreseeable future and will continue to drive the industry.
It is important to note that investing in the oil industry comes with its own set of risks. The prices of oil are subject to significant fluctuations based on global geopolitical events, natural disasters, and other factors. It is always recommended to do your own research and consult a financial advisor before making any investment decisions.
Factors to Consider Before Investing in Oil Stocks
The most significant factor to consider is the time horizon. Investors looking for regular income in the form of dividend payouts should invest in stocks of large oil companies. Such companies are less susceptible to frequent movements in oil prices and other factors and generate a good dividend yield.
On the other hand, the new and upcoming oil stocks can be targeted for the long-term growth of capital as future prospects of oil stocks are equally attractive. In either case, investors must remain cautious that a single event, like the attack on Saudi Arabian oil fields, can cause major and never-before swings in oil prices and oil stocks.
Which Oil Stocks Should I Buy?
To make the choice of oil stocks easier, we have listed a few of the top oil companies and their stocks. You can make the investment decision based on your portfolio requirement and fit.
Oil is one of the riskiest commodities. Therefore, investors must be vigilant of the risk exposure related to investing directly in oil, or indirectly in ETFs or mutual funds. Similarly, you can also reduce your risk exposure by investing in the stocks of oil companies or oil stocks.
