Oil Stocks To Follow Now - September 30th

Key Points

• Exxon Mobil, Chevron, EOG Resources, Cenovus Energy, and Occidental Petroleum are highlighted as the top oil stocks to watch due to their significant trading volumes and involvement in the exploration, production, and refining of crude oil and natural gas.
• Performance of these oil stocks is closely tied to geopolitical events, supply and demand changes, and broader economic trends, making them a potential investment opportunity for market participants.
• Investors interested in oil stocks seek to leverage fluctuations in global oil prices to enhance their financial portfolios, reflecting a strategic approach to energy sector investments.

Exxon Mobil, Chevron, EOG Resources, Cenovus Energy, and Occidental Petroleum are the five Oil stocks to watch today, according to MarketBeat's stock screener tool. Oil stocks are shares of publicly traded companies involved in the exploration, production, refining or distribution of crude oil and petroleum products. Investors buy oil stocks to gain exposure to the energy sector and potentially profit from changes in global oil prices. Performance of these stocks often correlates with shifts in supply and demand, geopolitical events and broader economic trends. 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

EOG Resources (EOG)

EOG Resources, Inc., together with its subsidiaries, explores for, develops, produces, and markets crude oil, natural gas liquids, and natural gas primarily in producing basins in the United States, the Republic of Trinidad and Tobago and internationally. The company was formerly known as Enron Oil & Gas Company.

Read Our Latest Research Report on EOG

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

Occidental Petroleum (OXY)

Occidental Petroleum Corporation, together with its subsidiaries, engages in the acquisition, exploration, and development of oil and gas properties in the United States, the Middle East, and North Africa. It operates through three segments: Oil and Gas, Chemical, and Midstream and Marketing. The company's Oil and Gas segment explores for, develops, and produces oil and condensate, natural gas liquids (NGLs), and natural gas.

Read Our Latest Research Report on OXY