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15 top oil stocks to buy in 2025

Ready to invest in the oil and gas industry? Learn how to invest in oil stocks in just a few steps.

Amidst a changing energy landscape and fluctuations in global demand, oil stocks remain a cornerstone of many investors' portfolios. 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, as rising inflation tends to coincide with higher oil prices. Importantly, oil stocks are known for their dividend-paying potential, providing a source of regular income for investors.

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

The top oil and gas stocks included on this page all trade on the S&P 500, have an analyst recommendation of "Buy" or better and are sorted by year-to-date performance.

  1. Diamondback Energy (FANG)
  2. Targa Resources (TRGP)
  3. Marathon Petroleum (MPC)
  4. Valero Energy Corporation (VLO)
  5. Exxon Mobil (XOM)
  6. ONEOK (OKE)
  7. Williams Companies (WMB)
  8. Devon Energy Corporation (DVN)
  9. Marathon Oil Corporation (MRO)
  10. Coterra Energy (CTRA)
  11. Hess Corporation (HES)
  12. Phillips 66 (PSX)
  13. Chevron (CVX)
  14. EOG Resources (EOG)
  15. ConocoPhillips (COP)

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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 NBR or HP.
  5. Place your order. Buy the stock. It's that simple.

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. 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. 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 $156.80 after a previous close of $158.50. The latest price was $158.50 (25-minute delay). Diamondback Energy is listed on the NASDAQ, has a trailing 12-month revenue of around USD10.6 billion and employs 1,983 staff.

  • Market capitalization: $45,876,396,032
  • P/E ratio: 10.2061
  • PEG ratio: 1.201

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2. Targa Resources (TRGP)

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 $198.57 after a previous close of $197.40. The latest price was $197.40 (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.

  • Market capitalization: $43,516,628,992
  • P/E ratio: 34.6924
  • PEG ratio: 1.0474

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3. Marathon Petroleum (MPC)

Marathon Petroleum Corporation, together with its subsidiaries, operates as an integrated downstream energy company primarily 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 $151.09 after a previous close of $149.96. The latest price was $149.96 (25-minute delay). Marathon Petroleum is listed on the NYSE, has a trailing 12-month revenue of around USD$139.3 billion and employs 18,300 staff.

  • Market capitalization: $47,337,136,128
  • P/E ratio: 15.0894
  • PEG ratio: 15.6503

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4. 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 $134.09 after a previous close of $131.51. The latest price was $131.51 (25-minute delay). Valero Energy Corporation is listed on the NYSE, has a trailing 12-month revenue of around USD$124 billion and employs 9,898 staff.

  • Market capitalization: $42,398,691,328
  • P/E ratio: 15.7309
  • PEG ratio: 0.2131

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5. Exxon Mobil (XOM)

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 $115.50 after a previous close of $115.50. The latest price was $115.50 (25-minute delay). Exxon Mobil is listed on the NYSE, has a trailing 12-month revenue of around USD$340.6 billion and employs 61,000 staff.

  • Market capitalization: $502,906,355,712
  • P/E ratio: 14.7832
  • PEG ratio: 4.8395

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6. ONEOK (OKE)

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 $100.12 after a previous close of $99.34. The latest price was $99.34 (25-minute delay). ONEOK is listed on the NYSE, has a trailing 12-month revenue of around USD$21.7 billion and employs 5,177 staff.

  • Market capitalization: $62,839,799,808
  • P/E ratio: 19.4403
  • PEG ratio: 1.708

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7. Williams Companies (WMB)

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 $59.68 after a previous close of $59.60. The latest price was $59.60 (25-minute delay). Williams Companies is listed on the NYSE, has a trailing 12-month revenue of around USD$10.8 billion and employs 5,829 staff.

  • Market capitalization: $72,936,095,744
  • P/E ratio: 32.7473
  • PEG ratio: 2.5735

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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. 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 $35.97 after a previous close of $36.15. The latest price was $36.15 (25-minute delay). Devon Energy Corporation is listed on the NYSE, has a trailing 12-month revenue of around USD$15.2 billion and employs 2,300 staff.

  • Market capitalization: $23,432,255,488
  • P/E ratio: 7.9232
  • PEG ratio: 14.898

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9. Marathon Oil Corporation (MRO)

Marathon Oil Corporation, an independent exploration and production company, engages in exploration, production, and marketing of crude oil and condensate, natural gas liquids, and natural gas in the United States and internationally. The company also produces and markets products manufactured from natural gas, such as liquefied natural gas and methanol. In addition, it owns and operates Sugarloaf gathering system, a natural gas pipeline.

Marathon Oil Corporation stock opened the day at $29.09 after a previous close of $28.55. The latest price was $28.55 (25-minute delay). Marathon Oil Corporation is listed on the NYSE, has a trailing 12-month revenue of around USD$6.6 billion and employs 1,681 staff.

  • Market capitalization: $15,971,154,944
  • P/E ratio: 12.306
  • PEG ratio: 26.4455

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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 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 $28.92 after a previous close of $28.72. The latest price was $28.72 (25-minute delay). Coterra Energy is listed on the NYSE, has a trailing 12-month revenue of around USD$5.2 billion and employs 915 staff.

  • Market capitalization: $22,168,020,992
  • P/E ratio: 19.34
  • PEG ratio: 44.6673

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11. Hess Corporation (HES)

Hess Corporation, an exploration and production company, explores, develops, produces, purchases, transports, and sells crude oil, natural gas liquids, and natural gas in the United States, Guyana, the Malaysia/Thailand Joint Development Area, and Malaysia. It operates in two segments, Exploration and Production, and Midstream. The company also conduct exploration activities principally offshore Guyana, in the U. S.

Hess Corporation stock opened the day at $156.53 after a previous close of $156.58. The latest price was $156.58 (25-minute delay). Hess Corporation is listed on the NYSE, has a trailing 12-month revenue of around USD$12.7 billion and employs 1,797 staff.

  • Market capitalization: $48,515,846,144
  • P/E ratio: 17.4171
  • PEG ratio: 1.4479

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12. Phillips 66 (PSX)

Phillips 66 operates as an energy manufacturing and logistics company 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 transports crude oil and other feedstocks; delivers refined petroleum products to market; provides terminaling and storage services for crude oil and refined petroleum products; gathers, processes, transports, and markets natural gas; transports, fractionates, markets, and exports natural gas liquids.

Phillips 66 stock opened the day at $128.53 after a previous close of $125.49. The latest price was $125.49 (25-minute delay). Phillips 66 is listed on the NYSE, has a trailing 12-month revenue of around USD$143.2 billion and employs 13,200 staff.

  • Market capitalization: $52,519,698,432
  • P/E ratio: 25.821
  • PEG ratio: 0.8831

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13. Chevron (CVX)

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

Chevron stock opened the day at $164.49 after a previous close of $164.75. The latest price was $164.75 (25-minute delay). Chevron is listed on the NYSE, has a trailing 12-month revenue of around USD$195.6 billion and employs 45,298 staff.

  • Market capitalization: $290,094,088,192
  • P/E ratio: 16.9342
  • PEG ratio: 3.7352

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14. EOG Resources (EOG)

EOG Resources, Inc. , together with its subsidiaries, explores for, develops, produces, and markets crude oil, natural gas liquids, and natural gas in producing basins in the United States, the Republic of Trinidad and Tobago, and internationally. The company was formerly known as Enron Oil & Gas Company.

EOG Resources stock opened the day at $123.54 after a previous close of $125.17. The latest price was $125.17 (25-minute delay). EOG Resources is listed on the NYSE, has a trailing 12-month revenue of around USD$23.5 billion and employs 3,150 staff.

  • Market capitalization: $69,334,917,120
  • P/E ratio: 11.0477
  • PEG ratio: 66.4544

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15. ConocoPhillips (COP)

ConocoPhillips explores for, produces, transports, and markets crude oil, bitumen, natural gas, liquefied natural gas (LNG), and natural gas liquids. The company operates in six segments: Alaska; Lower 48; Canada; Europe, Middle East and North Africa; Asia Pacific; and Other International. The company's portfolio includes unconventional plays in North America; conventional assets in North America, Europe, Asia, and Australia; global LNG developments; oil sands assets in Canada; and an inventory of global exploration prospects.

ConocoPhillips stock opened the day at $102.41 after a previous close of $101.92. The latest price was $101.92 (25-minute delay). ConocoPhillips is listed on the NYSE, has a trailing 12-month revenue of around USD$56.4 billion and employs 11,800 staff.

  • Market capitalization: $130,177,196,032
  • P/E ratio: 13.0999
  • PEG ratio: 8.2377

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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.

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