Best Oil Company Stocks To Buy Now

Best Oil Company Stocks To Buy Now

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Additionally, Shell is one of the oil stocks with the best value. It has a low P/E ratio of 4.64, as well as a 3.73% dividend yield. Cash on hand equates to $35.98 billion, a reasonably large sum for a stock valued at roughly $191 billion.

Marathon Oil Corporation is not to be confused with MPC. The pair once traded as one but split in 2011. MRO is a separate business that is involved in oil exploration and production. The company focuses on low-cost, high-margin regions in the U.S. that are oil-rich. It has some exposure to oil internationally through Equatorial Guinea.

It has had a mixed performance in quarterly earnings reports over the last year, but the stock has seen continued momentum nonetheless. It has one of the highest levels of insider ownership from these picks at 75.95%, trades at a P/E multiple of 7.83 and has a dividend of 2.28%. However, the stock has an ex-dividend date of Dec. 1, meaning dividends will be paused on stocks purchased as of that date.

The company has recently bounced back, delivering significant earnings surprises of $1.32 and $0.30 in the second and third quarters, respectively. With a P/E ratio of 7.14, a 4.15% dividend yield and $2.7 billion sitting in cash, Suncor is another strong oil stock pick.

Below are the best-performing energy stocks, which includes exclusively energy stocks from the Energy Select Sector SPDR Fund ETF (XLE). Last year was phenomenal for oil and gas stocks, and here are the top performers so far in 2023.

China Petroleum and Chemical Corporation (NYSE:SNP), also known as Sinopec, is one of China's three state-owned oil companies and the largest oil and gas company in Asia Pacific and the world by revenue after bringing in revenue of $407bn at the end of the 2019-20 fiscal year. It's also the second-largest company listed on U.S. exchanges in terms of revenue, behind only Walmart (NYSE:WMT).

Sinopec's operations include oil and gas exploration, refining, and marketing, as well as the production and sales of petrochemicals. The company's products include gasoline, diesel, kerosene, jet fuel, synthetic rubbers and resins, and chemical fertilizers.

Sinopec's FY 2020 profit fell 42% Y/Y to 5.1B, the lowest since 2015 due to the global pandemic and extensive lockdowns. The company, however, expects the current year to be much better and says it plans to increase capital spending by 24% to $25.55B while raising refinery throughput by 5.5% this year to 250M metric tons, or 5M bbl/day.

PetroChina Co. (NYSE:PTR) is the world's second-largest oil and gas company, currently holding assets in 30 countries across the globe. PetroChina--the exchange-listed branch of the Chinese state-owned China National Petroleum Corporation (CNPC)-- specializes in oil and gas operations, oilfield services, petroleum engineering and construction, equipment manufacturing, financial services, and new energy development.

PetroChina has unveiled plans to spend 239B yuan ($37B) in annual capital spending--the highest for any gas and oil company globally--in an effort to increase domestic production over the next five years and also to improve China's energy security.

Although the company's Q2 revenue guidance of between RMB3.99B ($609M) and RMB4.27B ($651.7M) came in below the consensus of RMB4.31B ($663.51M), it still represents a healthy 104.6% to 119.0% Y/Y increase.

Last year, one of China's oil supermajors, CNOOC Limited (NYSE:CNOOC), crashed after the Trump administration added the company and chipmaker SMIC (OTCQX:SMICY) to a blacklist for alleged military ties.

U.S. investors hold nearly 17% of CNOOC's shares in its Hong Kong-listed unit, something that could potentially trigger major outflows if Trump's ban takes hold and the company is forced to divest its holdings.

CNOOC, one of China's so-called big three NOCs (National Oil Companies), was allegedly targeted due to the company's drilling activity in the controversial South China Sea. CNOOC's operations in the South China Sea have run into controversy because Beijing has been claiming drilling rights in waters far from its borders, and as close as 200 miles off the coasts of the Philippines and Vietnam.

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These are our picks for the best oil and gas shares around. You can find them, along with a link to their up to date share price, in the table below. Keep reading to learn about each one in more detail.

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Any company that is involved in any stage of the extraction, transportation, or production process for oil or gas. That means there is quite a wide range of companies that fit the bill, from those who explore for new drilling opportunities all the way through to the ones that refine it into a finished product.

It depends on the sort of investor you are. These stocks can be risky, because they are at the centre of the world economy and can be affected by things well outside of their control, like politics, recessions, and volatile commodity prices. While investing in companies that rely on fossil fuels is not for everyone.

Overall, there are lots of opportunities in oil and gas stocks. The companies on this page are some of the best options out there, and you can sign up with a broker if you want to get started with any of them right now.

In this article, we will compare the expected 5-year returns of the four major refiners by summing their EPS growth, their dividends and their expected P/E expansion or contraction. Expected total return data comes from our more than 700 stocks (and growing) Sure Analysis Research Database.

In late July, Phillips 66 reported (7/29/22) financial results for the second quarter of fiscal 2022. The company enjoyed record refining margins thanks to the aforementioned sanctions of western countries on Russia for its invasion in Ukraine. Realized refining margins more than doubled sequentially, from $21.9 per barrel to $46.7 per barrel, and thus the operating income of the refining segment grew from $140 million to $3.1 billion.

Management raised the dividend by 5%. Even better, refining margins have remained around record levels in the third quarter. As a result, the company is on track to post record earnings-per-share of about $15.50 this year.

It is also important to note that the highly diversified business model of Phillips 66 renders the company much more resilient to the pandemic and other downturns than the pure refiners. The minor loss of -$0.89 per share in 2020, which is in sharp contrast to the hefty losses incurred by the other three major refiners, is a testament to the diversified and defensive business model of Phillips 66.

In March 2022, HollyFrontier (HFC) changed its name to HF Sinclair (DINO) to reflect its acquisition of Sinclair Oil. The company was initially formed by the merger of two independent U.S. refiners, Holly Corporation and Frontier Oil, in 2011. It operates in three segments:

Thanks to the strong tailwind of the economic reopening and their strong business models, the Big 4 major U.S. refiners are likely to significantly grow their EPS in the next five years. Several refining stocks have outperformed the S&P 500 to start the year, which could make investors hesitant to buy. Fortunately, we still see them as undervalued, with strong total returns expected through their future EPS growth, rising P/E multiples, and dividends.

Onshore activities are very limited. SOMOIL, a privately-owned company, was planning to produce around 5,000 bpd in Soyo, in northern Angola, but operations have been delayed. Onshore blocks in the Kwanza basin were offered in late 2015, but final awards were cancelled, and the blocks should be re-bid in the near term.

The single existing oil refinery in Luanda with installed capacity of 65,000 barrels per day (bpd) is operated by Italian oil company ENI, under a joint venture agreement with state-owned company Sonangol Refinarias (Sonaref). The joint venture was formed to modernize and increase installed capacity and current output levels of 65,000 barrels per day (bpd). ENI promoted an international public tender and awarded a contract to Italian company KT - Kinetics Technology.

The second unit, a topping facility in Cabinda is managed by Chevron and has 16,000 barrels per day (bpd) of capacity production. In June 2019, a contract for the expansion of the Cabinda refinery was awarded to United Shine consortium, a joint venture between United Shine (90 percent) and Sonangol (10percent) and was expected to increase output levels to 60,000 barrels per day (bpd) by end-2021. The contract was subsequently rescinded and awarded to Gemcorp a London based asset management company.

In 2019 the Angolan Ministry of Petroleum issued a public tender for the construction of a refinery with a capacity of 100,000 bpd in Soyo, in the Zaire province of Angola. The U.S.-led Quanten Consortium (Quanten, TGT, McDermott, Cisco, Honeywell, KBR, Aurum & Sharp and Atis-Nebest), was awarded the contract in early March 2021. Dubbed the Soyo Refinery, the 100,000-bpd facility will have the the third largest refining capacity in the country with a total investment of US$ 3.5 billion. 781b155fdc