Top Oil Stocks Worth Watching - May 5th

Key Points

• ExxonMobil (XOM), Diamondback Energy (FANG), and Shell (SHEL) are MarketBeat’s top oil stocks to watch today, identified by the site's stock-screener tool.
• These names recorded the highest dollar trading volume among oil stocks in recent days, making them focal points for traders seeking exposure to crude-oil price moves and energy demand.
• Diamondback is noted for its concentrated onshore production in the Permian Basin, while ExxonMobil and Shell are large integrated majors spanning upstream, downstream, and energy/renewables businesses.

ExxonMobil, Diamondback Energy, and Shell are the three Oil stocks to watch today, according to MarketBeat's stock screener tool. Oil stocks are shares of publicly traded companies whose principal businesses involve the petroleum industry—including exploration and production (upstream), refining and marketing (downstream), and oilfield services and equipment. Investors buy oil stocks to gain exposure to crude-oil prices and energy demand, typically accepting higher cyclicality, commodity-price risk, and geopolitical and regulatory sensitivity, while some oil companies also provide dividend income. 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

Diamondback Energy (FANG)

Diamondback Energy, Inc., an independent oil and natural gas company, acquires, develops, explores, and exploits unconventional, onshore oil and natural gas reserves in the Permian Basin in West Texas. It focuses on the development of the Spraberry and Wolfcamp formations of the Midland basin; and the Wolfcamp and Bone Spring formations of the Delaware basin, which are part of the Permian Basin in West Texas and New Mexico.

Read Our Latest Research Report on FANG

Shell (SHEL)

Shell plc operates as an energy and petrochemical company Europe, Asia, Oceania, Africa, the United States, and Rest of the Americas. The company operates through Integrated Gas, Upstream, Marketing, Chemicals and Products, and Renewables and Energy Solutions segments. It explores for and extracts crude oil, natural gas, and natural gas liquids; markets and transports oil and gas; produces gas-to-liquids fuels and other products; and operates upstream and midstream infrastructure to deliver gas to market.

Read Our Latest Research Report on SHEL

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.