Goldman Sachs names a slew of energy companies to buy right now as attitudes shift

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Goldman Sachs says the shift toward engagement and away from divestment is creating opportunities to invest in energy companies.

Goldman Sachs has identified a number of energy stocks to own ahead of an expected turn in the market's sentiment toward the oil and gas sector. The Wall Street bank said it had observed greater ownership of the energy sector due to a change in the way ESG investors — or those who take environmental, social and governance factors into account — approach investing.

Goldman Sachs's list of energy stocks to buy in the United States and Europe included the following: According to the investment bank, European energy giants like BP , Shell and TotalEnergies have attracted higher levels of ESG investment because they are perceived to be transitioning toward cleaner operations with comprehensive climate plans. The three stocks are also traded on U.S. exchanges.

 

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