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Oil stocks

Ready to invest in the oil and gas industry? Consider these 7 stocks.

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The best oil stocks depend on your portfolio and investment goals – while volatility can be ideal for day traders, long-term investors will want to look to stocks with steadier gains over time.

7 oil stocks to watch

We round up a selection of stocks in or related to the oil and gas industry.

  1. Chevron Corporation ( CVX)
  2. TotalEnergies ( TTE)
  3. Shell ( SHELL)
  4. Transocean ( RIG)
  5. Borr Drilling ( BORR)
  6. Exxon Mobil Corporation ( XOM)
  7. BP plc ( BP)

3 tools to help identify new investments

We’ve compiled a list of oil stocks to keep an eye on, but the stock market is volatile, and trends can change daily.

If you’re actively trading stocks, staying on top of new industry trends and rising stocks can take a lot of time. Here are some tools to keep up with trends and get new trading ideas.

  • Stock screeners. You can use an online stock screener like Finviz or TradingView to see what stocks are making the biggest moves today and narrow your search by industry and market cap. Screeners are most beneficial for technical traders who have set criteria in mind for their trades. For example, if you’re looking for stocks trending today in the oil and gas industry, you can pull a list of all mid-cap and large-cap stocks for that industry and sort by percent change since opening.
  • Newsletters. Newsletters can be a great way to find companies that may be worth investing in for the long haul. Some include the Motley Fool Stock Advisor and the Alpha Boost and Cherry Picks newsletters published by Tastyworks.
  • Social media. While noone is suggesting you make a trade based on a Reddit thread alone, social platforms like Reddit, Twitter and Tiktok can be useful tools for staying on top of what companies people are talking about. The trendiness of a stock can directly influence its price — but those trends can also be volatile. While social media can occasionally help buy-and-hold investors, it tends to be a more practical tool for active traders.

Take a deeper dive into oil stocks

If you’re interested in investing in the oil and gas industry, take a closer look at what companies in this industry do and how the stocks have historically performed. Keep in mind that positive past performance doesn’t guarantee that a stock will continue to rise in the future.

1. Chevron Corporation (CVX)

Chevron Corporation, through its subsidiaries, engages in integrated energy and chemicals operations worldwide. The company operates in two segments, Upstream and Downstream. The Upstream segment is involved in the exploration, development, production, and transportation of crude oil and natural gas; processing, liquefaction, transportation, and regasification associated with liquefied natural gas; transportation of crude oil through pipelines; and transportation, storage, and marketing of natural gas, as well as operates a gas-to-liquids plant.

Chevron Corporation stock opened the day at US$175.41 after a previous close of US$172.59. Chevron Corporation is listed on the New York Stock Exchange, has a trailing 12-month revenue of around US$176.8 billion and employs 42,595 staff.

  • Market capitalisation: US$10.58 billion

2. TotalEnergies (TTE)

TotalEnergies SE operates as an integrated oil and gas company worldwide. The company operates through four segments: Exploration & Production; Integrated Gas, Renewables & Power; Refining & Chemicals; and Marketing & Services. The company’s Exploration & Production segment is involved in oil and natural gas exploration and production activities in approximately 50 countries.

TotalEnergies stock opened the day at €54.66 after a previous close of €53.95. TotalEnergies is listed on Euronext Paris..

  • Market capitalisation: €141.95 billion

3. Shell (SHELL)

Shell plc operates as an energy and petrochemical company worldwide. The company operates through Integrated Gas, Upstream, Oil Products, Chemicals segments. It explores for and extracts crude oil, natural gas, and natural gas liquids; markets and transports oil and gas; produces gas-to-liquids fuels and other products; and operates upstream and midstream infrastructure necessary to deliver gas to market.

Shell stock opened the day at €28.28 after a previous close of €27.94. Shell is listed on the Euronext Amsterdam.

  • Market capitalisation: GBP£180.05 billion

4. Transocean (RIG)

Transocean Ltd. , together with its subsidiaries, provides offshore contract drilling services for oil and gas wells worldwide. It contracts its mobile offshore drilling rigs, related equipment, and work crews to drill oil and gas wells.

Transocean stock opened the day at US$4.14 after a previous close of US$4.09. Transocean is listed on the New York Stock Exchange, has a trailing 12-month revenue of around US$2.5 billion and employs 5,000 staff.

  • Market capitalisation: US$2.82 billion

5. Borr Drilling (BORR)

Borr Drilling Limited operates as an offshore drilling contractor to the oil and gas industry worldwide. It owns, contracts, and operates jack-up rigs for operations in shallow-water areas, including the provision of related equipment and work crews to conduct oil and gas drilling and workover operations for exploration and production. The company serves oil and gas exploration and production companies, such as integrated oil companies, state-owned national oil companies, and independent oil and gas companies.

Borr Drilling stock opened the day at US$4.91 after a previous close of US$4.85. Borr Drilling is listed on the New York Stock Exchange, has a trailing 12-month revenue of around US$245.3 million and employs 517 staff.

  • Market capitalisation: Information unavailable

6. Exxon Mobil Corporation (XOM)

Exxon Mobil Corporation explores for and produces crude oil and natural gas worldwide. It operates through Upstream, Downstream, and Chemical segments. The company is also involved in the manufacture, trade, transport, and sale of crude oil, natural gas, petroleum products, petrochemicals, and other speciality products; manufactures and sells petrochemicals, including olefins, polyolefins, aromatics, and various other petrochemicals; and captures and stores carbon, hydrogen, and biofuels.

Exxon Mobil Corporation stock opened the day at US$96.30 after a previous close of US$94.40. Exxon Mobil Corporation is listed on the New York Stock Exchange, has a trailing 12-month revenue of around US$309.3 billion and employs 63,000 staff.

  • Market capitalisation: US$405.67 billion

7. BP plc (BP)

BP plc engages in the energy business worldwide.

BP plc stock opened the day at GBP£432.05 pence after a previous close of GBP£427.85 pence. BP plc is listed on the London Stock Exchange (LSE) and employs 65,900 staff. All prices are listed in pence Sterling.

  • Market capitalisation: GBP£84.09 billion

How to buy oil stocks

Sign up with an online broker or platform to invest in one or more of these oil stocks.

  1. Compare share trading platforms. Use our comparison table to narrow down top brokers by fees and bonuses.
  2. Open and fund your brokerage account. You’ll need personal and financial details, like your contact and bank information.
  3. Search for the stock you’re interested in. Find the stock by name or ticker symbol, like NBR or HP.
  4. Decide on how many to buy. Some brokers will allow you to purchase fractional shares, while others require you to purchase whole shares.
  5. Choose an order type. Invest in the oil stocks now with a market order or use a limit order to delay your purchase until the stock reaches your desired price.
  6. Buy the stock. Tap or click the Buy button on your brokerage account. Once you’ve invested in the oil and gas industry, track how your stock performs to decide when it’s time to sell.

Compare trading platforms

Compare online trading platforms by fees and asset types to find the best for your investment in the oil and gas industry.

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Bottom line

While it’s possible to turn a profit investing in oil stocks, keep in mind that — like any investment — oil stocks are not immune to risk. These stocks are subject to fluctuating conditions — both in the market and in the oil and gas industry, so carefully vet your picks before you invest. And if you’re new to investing, or if it’s been a while since you’ve taken a critical look at your investing accounts, compare brokers to make sure you’re getting the best features in your trading account.

Disclaimer: This information should not be interpreted as an endorsement of futures, stocks, ETFs, CFDs, options or any specific provider, service or offering. It should not be relied upon as investment advice or construed as providing recommendations of any kind. Futures, stocks, ETFs and options trading involves substantial risk of loss and therefore are not appropriate for all investors. Trading CFDs and forex on leverage comes with a higher risk of losing money rapidly. Past performance is not an indication of future results. Consider your own circumstances, and obtain your own advice, before making any trades.

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