Oil Stocks To Research - October 6th

Key Points

• Five oil stocks to watch include Exxon Mobil, Occidental Petroleum, Cenovus Energy, Chevron, and Schlumberger, as they are leading in trading volume recently.
• Investors are looking for opportunities in these oil stocks due to potential rebound in crude oil prices, influenced by supply-demand dynamics and geopolitical events.
• Many of these companies not only engage in exploration and production but also offer dividends, making them appealing to income-seeking investors.

Exxon Mobil, Occidental Petroleum, Cenovus Energy, Chevron, and Schlumberger 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, extraction, production and refining of crude oil. Investors buy and sell these equities to participate in the profits and risks of the global oil industry, whose performance is often driven by changes in oil prices, geopolitical events and supply-demand dynamics. Many oil stocks also pay dividends, making them attractive for income-seeking investors. 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

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

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

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

Schlumberger (SLB)

Schlumberger Limited engages in the provision of technology for the energy industry worldwide. The company operates through four divisions: Digital & Integration, Reservoir Performance, Well Construction, and Production Systems. The company provides field development and hydrocarbon production, carbon management, and integration of adjacent energy systems; reservoir interpretation and data processing services for exploration data; and well construction and production improvement services and products.

Read Our Latest Research Report on SLB

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