Oil stocks have surged in recent weeks as oil prices have risen. On September 15, WTI, one of the global oil benchmarks, increased 3.3 percent to $72.78 per barrel. Analysts expect crude markets to increase when COVID-19 vaccinations are cranked up, and lockdown precautions are gradually lifted. The continual rise in oil prices is fueled by rising worldwide demand for oil and gas and the gradual relaxation of travel restrictions. The largest gainers in recent weeks have been EOG Resources, Inc., Marathon Oil Corporation, Devon Energy Corporation, and Exxon Mobil Corporation.
Here is Insider Monkey’s list of top 10 oil and gas stocks to invest in. The corporation specializes in oil and gas exploration and production. BP P.l.c. is active in the generation of renewable energy, such as solar and wind energy. Year to date, the stock has risen 23%, and in the previous year, it has gained 29%. Marathon Oil Corporation is a US-based company that sells crude oil, natural gas, and natural gas liquids. With a market capitalization of $9.4 billion, the firm is ranked ninth among the top ten oil and gas companies to buy. EOG Resources has opened offices in China, Oman, and Trinidad and Tobago. The company’s sales in the second quarter was $4.14 billion, up 276 percent from the previous quarter. Valero Energy Corporation is ranked seventh. The company’s sales in the second quarter was $27.75 billion, up 166 percent year over year and $6 billion higher than analysts’ expectations. Diamondback Energy, Inc. is ranked sixth. The company’s market capitalization is $15 billion. Its annual dividend was recently boosted by 12.5 percent to $1.80 per share. For more details, click Top 10 Oil And Gas Stocks To Invest In.
Unsplash
