Here Are My Top 3 Oil Stocks Right Now
Key takeaways
- CL=F DVN XOM CVX TTE Given the importance of oil and natural gas to the global economy, every investor should probably have some exposure to the energy sector.
- If all you care about is finding a way to profit from rising oil prices over the short term, you ll probably want to buy a dedicated energy producer like Devon Energy (NYSE: DVN).
- Our team just released a report on the one little-known company, called an "Indispensable Monopoly" providing the critical technology Nvidia and Intel both need.
CL=F DVN XOM CVX TTE Given the importance of oil and natural gas to the global economy, every investor should probably have some exposure to the energy sector. I personally own one oil stock, yet I m not the least bit worried about oil prices. That s notable because the geopolitical conflict in the Middle East has made high oil prices headline-grabbing news.
If all you care about is finding a way to profit from rising oil prices over the short term, you ll probably want to buy a dedicated energy producer like Devon Energy (NYSE: DVN). Notably, its production is unaffected by the Middle East disruptions because it is U.S.-focused. But if you are a long-term investor, you ll want to take a more balanced approach to the energy sector, buying stocks like ExxonMobil (NYSE: XOM), Chevron (NYSE: CVX), and, in my case, TotalEnergies (NYSE: TTE). Here s why these three energy giants are my top oil stocks right now.
Will AI create the world s first trillionaire? Our team just released a report on the one little-known company, called an "Indispensable Monopoly" providing the critical technology Nvidia and Intel both need. Continue »