Oil Stocks To Watch Now - May 8th

Key Points

• MarketBeat's screener flags five oil stocks to watch: Coterra Energy (CTRA), ExxonMobil (XOM), Chevron (CVX), Devon Energy (DVN), and Occidental Petroleum (OXY), selected for having the highest dollar trading volume in recent days.
• Oil equities are commodity-driven and cyclical, with returns closely tied to crude prices and sensitive to geopolitical events, supply-demand shifts, and regulatory or environmental developments.
• Coterra Energy holds large U.S. positions—about 186,000 net acres in the Marcellus (dry gas), ~296,000 in the Permian, and ~182,000 in the Anadarko Basin—focused on oil, natural gas, and NGL production.

Coterra Energy, ExxonMobil, Chevron, Devon Energy, and Occidental Petroleum are the five Oil stocks to watch today, according to MarketBeat's stock screener tool. Oil stocks are equity shares of companies involved in the oil industry—including exploration and production (upstream), transportation and storage (midstream), refining and marketing (downstream), and oilfield services. Their returns tend to track crude-oil prices and are sensitive to geopolitical events, supply-demand shifts, and regulatory or environmental developments, making them more cyclical and commodity-driven than many other equities. These companies had the highest dollar trading volume of any Oil stocks within the last several days.

Coterra Energy (CTRA)

Coterra Energy Inc., an independent oil and gas company, engages in the development, exploration, and production of oil, natural gas, and natural gas liquids in the United States. The company's properties include the Marcellus Shale with approximately 186,000 net acres in the dry gas window of the play located in Susquehanna County, Pennsylvania; Permian Basin properties with approximately 296,000 net acres located in west Texas and southeast New Mexico; and Anadarko Basin properties with approximately 182,000 net acres located in Oklahoma.

Read Our Latest Research Report on CTRA

ExxonMobil (XOM)

ExxonMobil 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

Devon Energy (DVN)

Read Our Latest Research Report on DVN

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

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