In this article we are going to see what are the top energy sector stocks for 2021, based on Insider Monkey’s latest article. As of 2020, the energy sector was also stricken by the coronavirus pandemic and its deep impacts on the industries. But according to analysts, the sector is about to recover from the shock this year. The energy sector was among those that were extremely hit by the crises as oil demand dramatically decreased in 2020. Even the largest giants such as Chevron, ExxonMobil, Aramco and BP all reported huge losses for 2020. Yet, a strong recovery is predicted for 2021.
And now, without a further ado, let’s see what Insider Monkey has investigated for you. ConocoPhillips stands on the fifth spot on the list. ConocoPhillips is headquartered in Texas and operates in hydrocarbon and other energy resources exploration all over the world. At the end of 2019, the firm had around 5,262 million barrels of oil equivalent energy resources. In February 2019, S&P Global lowered its credit ratings for ConocoPhillips (NYSE:COP). ConocoPhillips offers a dividend yield of 3.5%. Schlumberger Limited stands on the fourth spot. The company has had a loss of 15.5% in value in the past one year, but the energy and oil field services company is still on the portfolios of 50 hedge funds out of the 887 tracked by Insider Monkey, as of the end of December. The total worth of these stocks is $1.23 billion. In February 2020, Florence Lambert was appointed to be the CEO of Genvia by Schlumberger. Genvia is the company’s new clean hydrogen production technology venture. NextEra Energy, Inc. stands on the third spot. The company is headquartered in Florida and has more than 46 gigawatts of generating capacity, and supplies electricity for more than ten million people in the United States. The company’s stocks have been increased more than 14% in the past 12 months. NextEra is among the largest wind and solar energy producers in America. The firm has reported recently that they are about to add around 30 gigawatts of renewable projects to its portfolio by 2024. Keep up reading and click to see the entire original article of the top 10 energy sector stocks for 2021.