Top Oil Stocks To Follow Today - May 6th

Key Points

• MarketBeat's stock screener identified ExxonMobil (XOM), Chevron (CVX), and Occidental Petroleum (OXY) as the top oil stocks to watch today, based on the highest dollar trading volume among oil stocks in recent days.
• These companies operate across upstream, downstream, chemicals and midstream segments, giving investors exposure to exploration/production, refining, transportation and chemical businesses.
• Oil stocks are closely tied to crude-oil prices and subject to geopolitical, regulatory and commodity-cycle risks, which can mean higher volatility but also potential dividend or capital-return opportunities.

ExxonMobil, Chevron, and Occidental Petroleum are the three Oil stocks to watch today, according to MarketBeat's stock screener tool. Oil stocks are shares of companies whose businesses are primarily tied to crude oil — including exploration and production (E&P), midstream (transportation and storage), refiners, integrated oil majors, and oilfield services. Their performance is closely linked to crude-oil prices and is subject to geopolitical, regulatory, and commodity-cycle risks, which can produce both higher volatility and dividend or capital-return opportunities for investors. These companies had the highest dollar trading volume of any Oil stocks within the last several days.

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

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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