Top 15 Best Oil Stocks To Buy
With its constant price changes, the oil market can be very confusing to both experienced and new investors. However, because it is an excellent way to ... read more...diversify an investment portfolio, investors seek out the best oil stocks to buy or invest in. Furthermore, the 2022 economic meltdown caused by the pandemic resulted in a decrease in demand rate, and many oil firms were severely impacted. This prompted many investors to look for low-risk, high-reward stocks to invest in. And some oil stocks are at the top of the list. Investing in oil stocks is an excellent way to diversify your portfolio. Despite the risks, there are some safe oil stocks that can provide a return on investment. So, if you're looking for the best stocks to invest in with fast earnings, check out the list below.
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Exxon Mobil is one of the world's largest publicly traded energy and chemical corporations. They create and apply next-generation technologies to help meet the world's growing demand for energy and high-quality chemical products in a responsible manner.
Exxon Mobil has grown from a regional kerosene marketer to an advanced energy and chemical innovator, as well as one of the world's largest publicly traded companies.
Exxon Mobil stock is traded on the NASDAQ stock exchange as (XOM) for $38.99 +0.49 per share (1.27 percent ). The stock previously closed at $38.50, with a market capitalization of $165 billion and a TTM PE ratio of 50.28.
Exxon Mobil's Board of Directors declared a cash dividend of $0.87 cents per share on the Common Stock, payable on December 10, 2021, while releasing the fourth quarter dividend for the year 2021.
To protect its payout, the company is reducing spending and job opportunities. Exxon has already reduced its investment by $10 billion this year.Founded: 1999
Website: 330.6B
Market Cap: 330.6B
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Total is a multinational oil and gas company based in France. It is one of the world's seven "Supermajor" oil companies. The company specializes in the oil and gas industry.
Exploration for crude oil and natural gas, production, power generation, transportation, refining, petroleum product marketing, and international crude oil and product trading are all part of the oil and gas industry.
Total is also a large-scale chemical manufacturer, with headquarters in the Tour Total district of Courbevoie, west of Paris. From 1988 to 2015, the company was responsible for 0.95 percent of global industrial greenhouse gas emissions.
On the Euro Stoxx 50 stock market index and the New York Stock Exchange, Total Stock is traded as (TOTAL SE).
TOTAL SE is currently trading at $43.82 +0.39 (+0.90 percent) in New York and €36.71 +0.38 (1.05 percent) in Paris. It also pays a quarterly dividend of 0.66 € per share.
TOTAL SE closed the day in Paris at € 36.710 on a share volume of 7,736,394.
TOTAL SE closed at $43.43 in the New York market, with a market cap of $115.027 billion and a volume of 2,626,466. It also has a 3.08 dividend yield (7.32 percent ).Founded: 1924
Website: www.total.com
Revenue: 190B
Market Cap: $127.52 B -
Royal Dutch Shell is a global energy and petrochemical conglomerate whose mission is to meet the world's growing demand for more and cleaner energy solutions.
Shell has two types of stocks: A shares and B shares, which are both traded on the New York Stock Exchange (NYSE), the London Stock Exchange (LSE), and Euronext Amsterdam as (RDS-A) and (RDS-B), respectively (RDS-B).
RDS-A trades at $36.39 +1.33 (+3.79%), 1,350.20GBX (-0.27%), and €15.08 (-0.34%) on the New York, London, and Euronext Amsterdam stock exchanges, respectively.
RDS-A closed at $36.39 on the NYSE with a volume of 6,286,185 and a market cap of $139 billion.
RDS-A closed at 1,353.80GBX on the LSE, with a volume of 758,050 and a market capitalization of £ 55,522.58 million.
RDS-A closed at €15.13 on Euronext Amsterdam, with a volume of 2,338,440 and a market cap of €115.035 billion.
On the New York, London, and Euronext Amsterdam Stock Exchanges, RDS-B trades at $34.65 +0.95 (+2.82 percent), 1,299.00GBX -10.80 (-0.82 percent), and €14.39 -0.06 (-0.42 percent).
RDS-B closed at $33.70 on the NYSE with a volume of 2,952,608 and a market cap of $139.667 billion.
RDS-B closed at 1,309.80GBX on the LSE, with a volume of 731,603 and a market capitalization of £ 48,543.60 million.
RDS-B closed at €14.446 on Euronext Amsterdam, with a volume of 20,360 and a market capitalization of € 53.441 billion.Founded: 1907
Website: www.shell.comRevenue: 180,5B
Market Cap: $200.02 B -
Chevron is another oil and energy company that aims to provide reliable, affordable, and cleaner energy.
In the midst of the oil market's turmoil, the company's stock is another top high-yielding oil stock to consider buying. It is listed on the New York Stock Exchange as (NYSE: CVX) and is currently trading at $89.87+2.42 (+2.77 percent) with a volume of 1,018 shares.
CVX previously closed at $87.45, surpassing Exxon Mobil's market cap of $173.001 billion.
Chevron's management reduced capital spending by 48% in 2021 and operating expenses by 12%. It also halted its stock repurchase program to ensure that its 6.1 percent dividend remains unchanged. In October 2021, it will acquire Noble Energy.
Furthermore, Chevron Corporation declared a quarterly dividend of ($1.29) per share on October 28, 2021, payable on December 10, 2021.
Founded: 1879
Website: www.chevron.com
Market Cap: 258.812B -
Teekay Tankers Ltd. is a marine service and oil company that transports oil and energy via its fleet of mid-sized tankers. As a result, they are a critical link in the global energy supply chain.
They are used in the spot tanker market to trade short-term or medium-term fixed-rate contracts.
Teekay Tankers is a stock that trades on the New York Stock Exchange under the symbol TTK (TNK). TNK is currently trading at $11.52 +0.29 (+2.58 percent) with a volume of 408,526.
Furthermore, the stock previously closed at $11.23 with a market capitalization of $388.224 million.
Teekay Tankers released its third-quarter 2021 earnings results on November 13, 2021, revealing the coronavirus's significant impact on oil supply.
Founded: 2007
Website: www.teekay.com
Market Cap: 378.891M -
Höegh LNG is a global integrated LNG infrastructure company that provides LNG transportation, LNG re-gasification, terminal solutions, and in-house ship management services. Höegh LNG Holdings and Höegh LNG Partners make up the company.
Höegh LNG is headquartered in Norway and has offices in Singapore, the United States, the United Kingdom, and Indonesia, to name a few.
Höegh LNG Holdings Ltd. is traded on the Oslo Stock Exchange under the symbol (HLNG), while Höegh LNG Partners LP is traded on the New York Stock Exchange under the symbol (HLNG) (HMLP).
HLNG is trading at 13.76NOK -0.14 (-1.01%) with a volume of 4,192. It has one of the highest earnings per share in the industry. This demonstrates that the company's operations are expanding and generating more revenue than it can reinvest or return to shareholders.Furthermore, the stock has a market cap of NOK 1,049.22B and a previous closing price of NOK13.90.
Founded: 1973
Website: hoeghlng.com
Market Cap: 145.173M -
TORM is a Danish company that transports petroleum products. It transports refined oil products such as gasoline, jet fuel, naphtha, and diesel oil. It has a fleet of tankers ranging in size from 35,000 to 114,000 dwt.
TORM is listed as TRMD on both the Nasdaq Copenhagen and the NASDAQ in New York. With a volume of 24,447, the stock is trading at $7.41 +0.11 (+1.51 percent).
TRMD previously closed at $7.30, with a market cap of $538.815M.
TORM PLC announced its third-quarter 2021 results on November 11, 2021, and declared an ordinary dividend of USD 63.2 million, or USD 0.85 per share.
Payment is expected on September 10, 2021, to shareholders of record on August 27, 2021, with the ex-dividend date on August 26, 2021.
Founded: 1889
Website: torm.com
Market Cap: 612.724M -
Based on production and proved reserves, ConocoPhillips is one of the world's largest independent E&P companies.
Through innovative and collaborative efforts, the company is dedicated to the efficient and effective exploration and production of oil and natural gas.
As a result of its recent acquisition of Concho Resources, it will be the largest Permian basin producer.
ConocoPhillips common stock is traded on the New York Stock Exchange under the symbol (COP) and is currently trading at $39.97 +0.70 (+1.78 percent) with a volume of 12,459,037 shares.
Furthermore, COP has a market cap of $42.688 billion and a previous closing price of $39.27. The stock has a cash dividend of $0.43 per share that is payable.
The acquisition of Concho Resources is expected to increase the company's market capitalization by $10.9 billion.
Founded: 2002
Website: www.conocophillips.com
Market Cap: 116.785B -
Talos Energy is an independent offshore energy company that focuses on oil and gas exploration and production in the Gulf of Mexico and offshore Mexico.
To develop energy resources safely and responsibly, the company leverages its years of experience in offshore basins, as well as a balanced emphasis on new exploration, development, and asset optimization.
Talos Energy trades on the New York Stock Exchange as (TALO) for $8.80 +0.22 (+2.56 percent) with a volume of 683,266 shares.
TALO previously closed at $8.58 and had a market capitalization of $642.664 million. TALO makes the list of the best oil stocks to buy due to its low PE ratio.
Founded: 2012
Website: www.talosenergy.com
Market Cap: 971.933M -
EOG Resources is a major oil producer in South Texas, as well as a hydrocarbon exploration company. EOG Resources, headquartered in Houston, Texas, is known for utilizing high-tech and big data to aid its drilling operations.
On the New York Stock Exchange, the company's stock is traded as (EOG) at $47.82+1.29 (+2.77 percent) with a volume of 9,323,479.
Furthermore, EOG previously closed at $46.53 and has a market capitalization of $27.897 billion. EOG Resources increased its dividend rate to 31 percent at the end of 2019.
They also generated $1.9 billion in free cash flow, which was used to pay out $588 million in dividends and retire $900 million in debt.
Founded: 1999
Website: www.eogresources.comRevenue: 11,03B
Market Cap: 64.886B -
Canacol Energy is a Colombian onshore conventional natural gas exploration and production company.
In fact, the company is based in Canada and is responsible for supplying approximately 20% of the country's gas needs.
The corporation's stock is traded on the Toronto Stock Exchange under the symbol CNE, on the OTCQX in the United States of America under the symbol CNNEF, on the Bolsa de Valores de Colombia under the symbol CNEC, and on the Bolsa Mexicana de Valores under the symbol CNEN.
The stock (CNE) is trading at CAD 4.01 +0.02 (+0.5013 percent) on the Toronto Stock Exchange, with a volume of 2,525 and a market cap of CAD 721.239 million.
The stock (CNNEF) is trading on the OTCQX at $3.1100 -0.0500 (-1.58 percent) with 512 shares traded and a market cap of $552.317 million.
The stock (CNEC) is trading at 10,960.00 COP -240.00 -2.14 percent on the Bolsa de Valores de Colombia, with a volume of 46,220 and a market cap of 1.971T.
Canacol energy declared three dividend payments of $0.052 per share on September 20, 2022.
As a result, the stock is a low-risk, high-reward investment. As a result, it is one of the best oil stocks to invest in.Founded: 1970
Website: canacolenergy.com
Market Cap: 544.89M -
Diamondback Energy is another oil stock on my list of the best oil stocks to buy. Diamondback is a privately held oil and gas company headquartered in Midland, Texas.
The company's primary focus is the acquisition, development, and exploration of onshore oil and natural gas reserves in West Texas' Permian Basin.
Diamondback Energy's stock is traded on the NasdaqGS as FANG and is currently trading at $41.57 +1.05 (+2.59 percent) with a volume of 553,294.
Furthermore, the stock previously closed at $40.52 and has a market capitalization of $6.524 billion.
Diamondback Energy announced its third-quarter fiscal reports for 2021 on November 2, 2021, and declared a cash dividend of $0.375 per share payable on November 19, 2021.
Founded: 2007
Website: ir.diamondbackenergy.comRevenue: 2,813B
Market Cap: 23.169B -
Parsley Energy is an independent oil and natural gas company that focuses on the most productive parts of the Permian Basin, one of the world's most resource-rich oil basins.
Because they are committed to best practices, they use cutting-edge technology to make drilling processes easier.
Technological advancements enable the industry to improve precision, detect and address issues more quickly, and reduce production timelines.
The common stock of Parsley Energy is traded on the New York Stock Exchange as (PE) at $12.99 +0.38 (+3.01 percent) with a volume of 703,165.
The previous closing price of the stock was $12.61, and it has a market capitalization of $5.359 billion.
Parsley Energy Inc. announced its third-quarter 2021 financial results on October 28, 2021, and declared a quarterly dividend of $0.05 per share to be paid on September 18, 2021.
They also declared a $0.05 per share quarterly dividend for 4Q20, which will be paid on December 18, 2021.Founded: 2008
Website: www.pxd.com
Market Cap: 5.861B -
Renewable Energy Group Inc. is a global manufacturer and supplier of renewable fuels such as biodiesel and renewable diesel, as well as chemicals and other products.
The company is transforming biofuel into something that benefits the environment while also increasing customer profits.
Furthermore, their solutions have evolved into superior alternatives to petroleum diesel due to significantly lower carbon emissions.
Renewable Energy Group's common stock is traded on the Nasdaq Global Select as (REGI) and is currently trading at $59.75 +0.09 (+0.15 percent) with a volume of 222,260 shares.
This stock's closing price is $59.66, and it has a market capitalization of $2.35 billion.
Founded: 2006
Website: www.regi.comRevenue: 2,135B
Market Cap: 1.827B -
Whiting Petroleum Corp Stock completes this list of the best oil stocks to buy. Whiting Petroleum Corp is a privately held oil and gas exploration firm.
Through its positions in the Bakken/Three Forks resource play in North Dakota and Montana, the company focuses on exploring and producing a variety of petroleum products.
The stock is traded on the New York Stock Exchange as (WLL) and is currently trading at $24.17 +1.06 (+4.59 percent) with a volume of 682,050.
Furthermore, WLL has a market capitalization of $919.698 million and previously closed at $23.11.
Founded: 1980
Website: whiting.comRevenue: 732M
Market Cap: 2.699B