The U.S. stock market is enjoying another banner year with five sectors boasting double-digit returns in the year-to-date. The S&P 500 Energy Sector has returned 10.4% YTD, below the S&P 500 average return at 15.4% but still the 5th best showing among 11 U.S. market sectors. It’s becoming increasingly clear that investors should not write off oil and gas stocks despite the ongoing clean energy transition. Indeed, under most key metrics, the U.S.
Chevron Corp.NYSECVX, BP Inc.NYSEBP, Shell Plc NYSESHEL and TotalEnergies SE NYSETTE rocketed to $410 billion during the first three years of the Biden administration, a 100% increase compared to the corresponding period of Donald Trump’s presidency. . Stock analysts at Morningstar advise looking for stocks with durable dividends and buying those stocks when they’re undervalued. “It’s really critical to be selective when it comes to buying dividend-paying stocks and chasing yield.
operates as an integrated energy company engaging in the exploration and production of oil and gas in Colombia, the United States, Asia, Central America and the Caribbean, Europe, and South America. Ecopetrol is currently engaged in talks with Occidental Petroleum NYSEOXY to buy a stake in CrownRock, which Occidental agreed to buy in December in a $12B cash and stock deal.
operates as an independent owner and operator of producing natural gas and oil wells primarily in the Appalachian Basin of the United States. Although this is one of the smaller energy companies, the stock is likely to see improved liquidity after it revealed it will be included in the Russell 2000 Index effective at the open of U.S. equity markets on July 1st, 2024.
engages in the acquisition, development, and production of oil, natural gas, and natural gas liquids in the United States Mid-Continent. The company owns 817 net producing wells and operates approximately 368,000 net leasehold acres in Oklahoma and Kansas, as well as total estimated proved reserves of 71.3 million barrels of oil equivalent. SandRidge has lately been posting negative results with oil production declining nearly 30% over the past year as its oil wells deplete.
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