During periods of high oil prices or increased demand for energy, oil stocks can offer the potential for significant returns. These stocks are also often viewed as a hedge against inflation and are known for their dividend-paying potential.

If you're interested in investing in the oil and gas industry, here are 10 top oil stocks to buy.

Compare top oil stocks to buy right now

Stock	YTD Return	Industry	Company Description	Buy Now
Marathon Petroleum (MPC)	55.3%	Oil & Gas Refining & Marketing	A downstream oil company involved in refining crude oil into petroleum products and operating retail outlets through Speedway gas stations.	Learn more
Valero Energy Corporation (VLO)	54.6%	Oil & Gas Refining & Marketing	Involved in refining crude oil into various petroleum products and operating a large network of gas stations.	Learn more
Baker Hughes (BKR)	51.5%	Oil & Gas Equipment & Services	An energy technology company providing equipment and services for oil, gas and renewable energy projects worldwide.	Learn more
Halliburton Co (HAL)	48.6%	Oil & Gas Equipment & Services	A global energy services company that provides drilling, evaluation, completion and production solutions to support oil and gas exploration and development worldwide.	Learn more
SLB (SLB)	45.0%	Oil & Gas Equipment & Services	A global technology company that provides energy exploration, drilling, production and digital solutions to help oil and gas operators efficiently find, develop and produce energy resources.	Learn more
Diamondback Energy (FANG)	42.2%	Oil & Gas E&P	Focuses on the acquisition, development and exploration of oil and natural gas reserves.	Learn more
Targa Resources (TRGP)	40.4%	Oil & Gas Midstream	A midstream energy company specializing in the transportation, storage and processing of natural gas and natural gas liquids (NGLs).	Learn more
Devon Energy Corporation (DVN)	39.9%	Oil & Gas E&P	Focused on the exploration and production of oil and natural gas, particularly in shale resources.	Learn more
Phillips 66 (PSX)	38.3%	Oil & Gas Refining & Marketing	A downstream energy company engaged in refining, marketing and transporting petroleum products and chemicals.	Learn more
Coterra Energy (CTRA)	36.3%	Oil & Gas E&P	Focuses on the exploration and production of crude oil and natural gas, with operations primarily in the U.S.	Buy on SoFi

Source: Finviz. Returns accurate as of May 4, 2026.

How we chose these oil stocks

The listed stocks are the best-performing S&P 500 oil and gas companies ordered by year-to-date performance, with an analyst rating of Buy or better, sourced using Finviz.

How to invest in oil stocks

1. Choose an online stock trading platform. Choose from our Top Picks above, use our comparison table below or jump straight to the best stock trading apps of 2024.
2. Sign up for an account. Provide your personal information and sign up.
3. Set up a funding method to pay for the transaction. Deposit funds into your account by linking your banking information.
4. Choose the stocks you want to buy. Search for the stock by name or ticker symbol like FANG or MPC.
5. Place your order. Buy the stock. It's that simple.

Our top picks for brokerage accounts

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.

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1. Marathon Petroleum (MPC)

Marathon Petroleum Corporation, together with its subsidiaries, operates as an integrated downstream energy company in the United States. The company operates through three segments: Refining & Marketing; Midstream; and Renewable Diesel. The Refining & Marketing segment refines crude oil and other feedstocks at its refineries in the Gulf Coast, Mid-Continent, and West Coast regions of the United States; and purchases refined products and ethanol for resale and distributes refined products through transportation, storage, distribution, and marketing services.

Marathon Petroleum stock opened the day at $242.20 after a previous close of $245.78. The latest price was $244.87 (25-minute delay). Marathon Petroleum is listed on the NYSE, has a trailing 12-month revenue of around USD135.9 billion and employs 18,500 staff.

• Market capitalization: $71,752,187,904
• P/E ratio: 16.1804
• PEG ratio: 0.9755

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2. Valero Energy Corporation (VLO)

Valero Energy Corporation manufactures, markets, and sells petroleum-based and low-carbon liquid transportation fuels and petrochemical products in the United States, Canada, the United Kingdom, Ireland, Latin America, Mexico, Peru, and internationally. It operates through three segments: Refining, Renewable Diesel, and Ethanol. The company produces California Reformulated Gasoline Blendstock for Oxygenate Blending (CARBOB) and Conventional Blendstock for Oxygenate Blending (CBOB) gasolines, CARB diesel, diesel, jet fuel, heating oil, and asphalt; feedstocks; aromatics; sulfur and residual fuel oil; intermediate oils; and sulfur, sweet, and sour crude oils.

Valero Energy Corporation stock opened the day at $235.21 after a previous close of $241.06. The latest price was $241.06 (25-minute delay). Valero Energy Corporation is listed on the NYSE, has a trailing 12-month revenue of around USD$117.8 billion and employs 9,785 staff.

• Market capitalization: $71,578,615,808
• P/E ratio: 17.6085
• PEG ratio: 4.0843

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3. Baker Hughes (BKR)

Baker Hughes Company provides a portfolio of technologies and services to energy and industrial value chain. Its Oilfield Services & Equipment segment designs and manufactures exploration, appraisal, development, production, rejuvenation, and decommissioning products and related services for onshore and offshore oilfield operations. This segment also provides drilling services, drill bits, and drilling and completions fluids; completions, intervention, measurements, pressure pumping, and wireline services; artificial lift systems, and oilfield and industrial chemicals; subsea projects and services, flexible pipe systems, and surface pressure control systems; and integrated well services and solutions.

Baker Hughes stock opened the day at $63.61 after a previous close of $63.53. The latest price was $63.89 (25-minute delay). Baker Hughes is listed on the NASDAQ, has a trailing 12-month revenue of around USD$27.9 billion and employs 53,000 staff.

• Market capitalization: $63,383,265,280
• P/E ratio: 20.4121
• PEG ratio: 2.7704

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4. Halliburton Company (HAL)

Halliburton Company provides products and services to the energy industry worldwide. It operates in two segments, Completion and Production, and Drilling and Evaluation. The Completion and Production segment offers production enhancement services that include stimulation and sand control services; cementing services, such as well bonding and casing, and casing equipment; and completion tools that offer downhole solutions and services, including well completion products and services, intelligent well completions, liner hanger systems, sand control systems, multilateral systems, and service tools.

Halliburton Company stock opened the day at $39.15 after a previous close of $39.83. The latest price was $39.83 (25-minute delay). Halliburton Company is listed on the NYSE, has a trailing 12-month revenue of around USD$22.2 billion and employs 46,000 staff.

• Market capitalization: $33,273,894,912
• P/E ratio: 22.0055
• PEG ratio: 1.058

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5. Schlumberger (SLB)

SLB N. V. engages in the provision of technology for the energy industry worldwide. The company operates through four divisions: Digital & Integration, Reservoir Performance, Well Construction, and Production Systems.

Schlumberger stock opened the day at $53.18 after a previous close of $53.27. The latest price was $53.27 (25-minute delay). Schlumberger is listed on the NYSE, has a trailing 12-month revenue of around USD$35.9 billion and employs 109,000 staff.

• Market capitalization: $79,641,722,880
• P/E ratio: 23.467
• PEG ratio: 1.8923

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6. Diamondback Energy (FANG)

Diamondback Energy, Inc. , an independent oil and natural gas company, acquires, develops, explores, and exploits unconventional, onshore oil and natural gas reserves in the Permian Basin in West Texas, the United States. The company primarily focuses on the development of the Spraberry and Wolfcamp formations of the Midland Basin; and the Wolfcamp and Bone Spring formations of the Delaware Basin, both of which are part of the Permian Basin in West Texas and New Mexico.

Diamondback Energy stock opened the day at $189.81 after a previous close of $188.70. The latest price was $188.70 (25-minute delay). Diamondback Energy is listed on the NASDAQ, has a trailing 12-month revenue of around USD$14.3 billion and employs 1,762 staff.

• Market capitalization: $58,414,383,104
• P/E ratio: 36.2391
• PEG ratio: 55.5199

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7. Targa Resources (TRGP)

Targa Resources Corp. , together with its subsidiaries, owns, operates, acquires, and develops a portfolio of complementary domestic infrastructure assets in North America. It operates in two segments, Gathering and Processing, and Logistics and Transportation.

Targa Resources stock opened the day at $252.16 after a previous close of $248.12. The latest price was $248.12 (25-minute delay). Targa Resources is listed on the NYSE, has a trailing 12-month revenue of around USD$16.6 billion and employs 3,570 staff.

• Market capitalization: $53,257,445,376
• P/E ratio: 25.3184
• PEG ratio: 1.2455

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8. Devon Energy Corporation (DVN)

Devon Energy Corporation, an independent energy company, engages in the exploration, development, and production of oil, natural gas, and natural gas liquids in the United States. The company operates in Delaware Basin located in southeast New Mexico and west Texas, Eagle Ford located in North America, Anadarko Basin located in western Oklahoma, Williston Basin located in North Dakota, and Powder River Basin located in Wyoming. Devon Energy Corporation was founded in 1971 and is headquartered in Oklahoma City, Oklahoma. . . . .

Devon Energy Corporation stock opened the day at $46.00 after a previous close of $45.61. The latest price was $45.61 (25-minute delay). Devon Energy Corporation is listed on the NYSE, has a trailing 12-month revenue of around USD$16 billion and employs 2,200 staff.

• Market capitalization: $52,587,872,256
• P/E ratio: 12.7047
• PEG ratio: 2.9248

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9. Phillips 66 (PSX)

Phillips 66 operates as an integrated downstream energy provider in the United States, the United Kingdom, Germany, and internationally. It operates through five segments: Midstream, Chemicals, Refining, Marketing and Specialties (M&S), and Renewable Fuels. The Midstream segment provides crude oil and refined petroleum product transportation, terminaling, and storage services, as well as natural gas and natural gas liquids (NGL) gathering, processing, transportation, fractionation, storage and marketing services.

Phillips 66 stock opened the day at $168.08 after a previous close of $171.56. The latest price was $171.56 (25-minute delay). Phillips 66 is listed on the NYSE, has a trailing 12-month revenue of around USD$134.5 billion and employs 12,600 staff.

• Market capitalization: $68,784,406,528
• P/E ratio: 16.6402
• PEG ratio: 1.0683

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10. Coterra Energy (CTRA)

Coterra Energy Inc. , an independent oil and gas company, engages in the exploration, development, and production of oil, natural gas, and natural gas liquids in the United States. The company's properties include the Permian Basin, which covers approximately 345,000 net acres in the Delaware Basin in west Texas and southeast New Mexico, and an additional approximate of 49,000 net acres in the Delaware Basin in Lea County, New Mexico; Marcellus Shale properties, which covers approximately 186,000 net acres located in Susquehanna County, northeast Pennsylvania; and Anadarko Basin, which covers approximately 208,000 net acres located in the mid-continent region in Oklahoma.

Coterra Energy stock opened the day at $710.00 after a previous close of $700.00. The latest price was $700.00 (25-minute delay). Coterra Energy is listed on the NYSE, has a trailing 12-month revenue of around USD$7.4 billion and employs 1,075 staff.

• Market capitalization: $24,724,652,032
• P/E ratio: 15.0046
• PEG ratio: 44.6673

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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 awhile 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.

Frequently asked questions

• What are oil stocks?

  Oil stocks are shares of companies involved in the oil and gas industry. That can include companies that explore for oil, produce it, refine it, transport it or provide equipment and services to energy businesses.

• Are oil stocks a good investment?

  Oil stocks can be attractive when energy demand is strong or oil prices are rising. Some also pay dividends, which can make them appealing for income-focused investors. But they can also be volatile, so whether they're a good fit depends on your risk tolerance, goals and how much exposure you want to the energy sector.

• Do oil stocks pay dividends?

  Many oil stocks do pay dividends, especially larger and more established energy companies. That said, dividend yields and payout stability can vary a lot from one company to another, so it's worth checking a stock's dividend history before investing.

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