Top Oil Stocks To Keep An Eye On - October 12th

Key Points

• Five key oil stocks to monitor include Exxon Mobil, Chevron, Occidental Petroleum, ConocoPhillips, and Schlumberger, as they experienced the highest trading volumes recently.
• These oil companies are involved in activities across the oil and gas sectors, including exploration, production, and technology services, highlighting their diverse business operations.
• Investors are drawn to oil stocks for potential profits from price fluctuations influenced by factors like geopolitical tensions and supply-and-demand dynamics.

Exxon Mobil, Chevron, Occidental Petroleum, ConocoPhillips, 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 engaged in the exploration, extraction, refining or distribution of crude oil and petroleum products. Investors buy oil stocks to gain exposure to the energy sector and potentially profit from fluctuations in global oil prices and demand. Their performance is influenced by factors such as geopolitical tensions, supply-and-demand dynamics and regulatory policies. 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

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

ConocoPhillips (COP)

ConocoPhillips explores for, produces, transports, and markets crude oil, bitumen, natural gas, liquefied natural gas (LNG), and natural gas liquids in the United States, Canada, China, Libya, Malaysia, Norway, the United Kingdom, and internationally. The company's portfolio includes unconventional plays in North America; conventional assets in North America, Europe, Asia, and Australia; global LNG developments; oil sands assets in Canada; and an inventory of global exploration prospects.

Read Our Latest Research Report on COP

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