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 with SoFi
Marathon Petroleum (MPC)
20.1%
Oil & Gas Refining & Marketing
A downstream oil company involved in refining crude oil into petroleum products and operating retail outlets through Speedway gas stations.
A midstream energy company that focuses on natural gas transportation, processing and storage. They operate pipelines and related infrastructure across North America.
A global integrated oil and gas company with operations in upstream exploration and production, as well as downstream refining, marketing, and petrochemicals.
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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. 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 $172.86 after a previous close of $175.62. The latest price was $174.17 (25-minute delay). Marathon Petroleum is listed on the NYSE, has a trailing 12-month revenue of around USD138 billion and employs 18,300 staff.
The Williams Companies, Inc. , together with its subsidiaries, operates as an energy infrastructure company primarily in the United States. It operates through Transmission & Gulf of America, Northeast G&P, West, and Gas & NGL Marketing Services segments.
Williams Companies stock opened the day at $58.01 after a previous close of $58.48. The latest price was $58.09 (25-minute delay). Williams Companies is listed on the NYSE, has a trailing 12-month revenue of around USD$11.1 billion and employs 5,829 staff.
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 $144.00 after a previous close of $143.19. The latest price was $144.67 (25-minute delay). Valero Energy Corporation is listed on the NYSE, has a trailing 12-month revenue of around USD$122.4 billion and employs 9,898 staff.
Exxon Mobil Corporation engages in the exploration and production of crude oil and natural gas in the United States, Canada, the United Kingdom, Singapore, France, and internationally. It operates through Upstream, Energy Products, Chemical Products, and Specialty Products segments. The Upstream segment explores for and produces crude oil and natural gas.
Exxon Mobil stock opened the day at $111.49 after a previous close of $112.91. The latest price was $111.66 (25-minute delay). Exxon Mobil is listed on the NYSE, has a trailing 12-month revenue of around USD$341.1 billion and employs 61,000 staff.
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 with approximately 2,97,000 net acres in west Texas and southeast, New Mexico; Marcellus Shale properties approximately 1,86,000 net acres located in Susquehanna County, Pennsylvania; and Anadarko Basin with approximately 1,81,000 net acres located in mid-continent region in Oklahoma.
Coterra Energy stock opened the day at $24.68 after a previous close of $24.19. The latest price was $24.19 (25-minute delay). Coterra Energy is listed on the NYSE, has a trailing 12-month revenue of around USD$5.8 billion and employs 915 staff.
Targa Resources Corp. , together with its subsidiary, Targa Resources Partners LP, 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 $169.20 after a previous close of $165.99. The latest price was $165.99 (25-minute delay). Targa Resources is listed on the NYSE, has a trailing 12-month revenue of around USD$16.4 billion and employs 3,370 staff.
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. It 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 $32.18 after a previous close of $31.75. The latest price was $31.75 (25-minute delay). Devon Energy Corporation is listed on the NYSE, has a trailing 12-month revenue of around USD$15.9 billion and employs 2,300 staff.
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. It 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, which are part of the Permian Basin in West Texas and New Mexico.
Diamondback Energy stock opened the day at $136.49 after a previous close of $136.47. The latest price was $140.93 (25-minute delay). Diamondback Energy is listed on the NASDAQ, has a trailing 12-month revenue of around USD$12.3 billion and employs 1,983 staff.
ONEOK, Inc. operates as a midstream service provider of gathering, processing, fractionation, transportation, storage, and marine export services in the United States. It operates in four segments: Natural Gas Gathering and Processing; Natural Gas Liquids; Natural Gas Pipelines; and Refined Products and Crude.
ONEOK stock opened the day at $79.36 after a previous close of $79.94. The latest price was $81.24 (25-minute delay). ONEOK is listed on the NYSE, has a trailing 12-month revenue of around USD$25 billion and employs 5,177 staff.
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.
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