10 Best-Performing S&P 500 Stocks in 2022

On September 6, the market earnings projection for 2022 was drastically cut by a Morgan Stanley strategist. In 2023, Michael Wilson now anticipates a 3% decline in the growth of earnings per share. The S&P 500 had lost 18.3% as of September 15, 2022.

Insider Monkey determines the 10 best-performing S&P 500 Stocks in 2022. Marathon Petroleum Corporation released record-breaking financial results for the second quarter of fiscal 2022 on August 2. The company outperformed Wall Street expectations by $10 billion and achieved $54.2 billion in revenue, an increase of 81.8% year over year. Exxon Mobil Corporation shares are rising sharply. As of September 15, the stock had given investors an overall return of 49.24%. The oil behemoth brought in $115.6 billion, a 70.7% increase from the previous year. As of September 15, shares of Devon Energy Corporation have increased 52.47% year to date. The company’s $5.6 billion in revenue was up 132.7% year over year and $872.7 million over Wall Street forecasts. ConocoPhillips has increased 56.65% year to date as of September 15. In order to create a hydrogen gas project in the United States that will enable the production of cleaner electricity, the company established a partnership with the massive Japanese utility company, JERA. Coterra Energy Inc. is trading at a PE multiple of 7x and has increased 57.23% year to date. The firm has free cash flows of $2.2 billion and a forward dividend yield of 8.07% as of September 15. For more details, click the 10 Best-Performing S&P 500 Stocks In 2022.