Exxon Mobil, Transocean, and Cenovus Energy are the three Oil stocks to watch today, according to MarketBeat's stock screener tool. Oil stocks are shares of publicly traded companies engaged in the exploration, production, refining and sale of crude oil and petroleum products. By buying oil stocks, investors gain exposure to fluctuations in global oil prices, industry demand and geopolitical events affecting energy markets. These equities can include large integrated majors as well as smaller independent producers and oilfield service firms. 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
Transocean (RIG)
Transocean Ltd., together with its subsidiaries, provides offshore contract drilling services for oil and gas wells worldwide. It contracts mobile offshore drilling rigs, related equipment, and work crews to drill oil and gas wells. The company operates a fleet of mobile offshore drilling units, consisting of ultra-deepwater floaters and harsh environment floaters.
Read Our Latest Research Report on RIG
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
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