Oil Stocks To Add to Your Watchlist - September 24th

Key Points

• The three oil stocks highlighted for potential investment are Exxon Mobil, Chevron, and Cenovus Energy, selected due to their high trading volumes and relevance in the market.
• Exxon Mobil focuses on exploring and producing crude oil and natural gas, while Cenovus Energy also emphasizes refining and marketing these products alongside its exploration efforts.
• Chemical operations and carbon capture initiatives are key segments of Chevron, highlighting its integrated approach to the energy sector.

Exxon Mobil, Chevron, and Cenovus Energy are the three Oil stocks to watch today, according to MarketBeat's stock screener tool. Oil stocks are the publicly traded shares of companies involved in exploring for, producing, refining and selling crude oil and petroleum products. By buying oil stocks, investors gain exposure to swings in global oil supply and demand, as well as company‐specific factors such as reserve levels, production costs and dividend policies. These companies had the highest dollar trading volume of any Oil stocks within the last several days.

Exxon Mobil (XOM)

Exxon Mobil Corporation engages in the exploration and production of crude oil and natural gas in the United States 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.

Read Our Latest Research Report on XOM

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 is involved in the exploration, development, production, and transportation of crude oil and natural gas; processing, liquefaction, transportation, and regasification of liquefied natural gas; transportation of crude oil through pipelines; transportation, storage, and marketing of natural gas; and carbon capture and storage, as well as a gas-to-liquids plant.

Read Our Latest Research Report on CVX

Cenovus Energy (CVE)

Cenovus Energy Inc., together with its subsidiaries, develops, produces, refines, transports, and markets crude oil, natural gas, and refined petroleum products in Canada and internationally. The company operates through Oil Sands, Conventional, Offshore, Canadian Refining, and U.S. Refining segments.

Read Our Latest Research Report on CVE