List of Oil Stocks

Chevron is a prominent American player in the energy industry, engaging in integrated energy and chemicals operations globally. It is involved in the exploration, development, production, and transportation of crude oil and natural gas, liquefied natural gas operations, and carbon capture and storage initiatives. It also focuses on refining crude oil into petroleum products (lubricants, manufacturing renewable fuels, petrochemicals, plastics, and additives). The company employs over 45,000 people.

Chevron’s recent acquisition of Hess Corporation aims to expand its presence in US shale plays and oil-rich Guyana. However, it was met with some resistance from its rival, Exxon. Chevron has also committed to sustainable energy solutions.

Dividend yield: 4.02%

Shell is a British multinational oil and gas company. It is the second-largest global investor-owned oil and gas company by revenue. Shell’s operations span the globe, with a presence in various sectors, including energy, chemicals, and mining, with a workforce nearing 90,000 people. 

Shell is still focused on expanding its gas business despite environmental concerns. However, the company is also investing in EV charging. After all, oil remains king, and it will still take a few years (decades?) until we see a real change for oil and gas companies.

Dividend yield: 3.60%

TotalEnergies is a French global energy company operating in various sectors, including oil and gas exploration, production, refining, and distribution of petroleum products. The company is strong in renewable energy, focusing on developing sustainable solutions to meet the world’s energy needs. Total is actively investing in solar, wind, and bioenergy projects. It aims to play a key role in the global energy transition by promoting clean energy technologies and reducing environmental impact.

Total is well-positioned to benefit from the changing oil and gas industry landscape. It is one of the seven supermajor oil companies and will likely cement its position in the coming years. 

Dividend yield: 4.44%

ConocoPhillips is an American energy company with a strong global presence in exploration and production. It has a diverse portfolio in North America, Europe, and Asia. The company’s recent acquisitions have increased its operational capabilities and made it a market leader.

Unlike the other stocks on this list, ConocoPhillips’ stock is trading near an all-time high. The company reported better-than-expected earnings and expects to continue rewarding its shareholders with share buybacks. As long as oil prices remain high and the company continues to deliver strong financials, its stock should continue to rise.

Dividend yield: 3.16%

Equinor is a Norwegian energy producer. Its business activities include selling crude oil, natural gas delivery to the European market, processing, refining, offshore wind projects, and carbon capture and storage initiatives. The Norwegian state owns 67% of the company’s shares, and the company has strong ties to the country’s sovereign wealth fund.

Like many companies, Equinor is committed to transitioning to renewable energies, and its vision is to achieve net-zero emissions by 2050. Equinor’s investors have been very well-rewarded recently, thanks to the company’s 12.30% annual dividend yield. 

BP is a British multinational oil and gas company that operates in various segments, including exploration and production, refining, marketing, and petrochemicals. The company has a significant presence in the United States, with operations in several states, including Texas, Louisiana, and Alaska. BP has a strong presence in the lubricants market through its subsidiary, Castrol.

Many remember BP for its devastating oil spill in the Gulf of Mexico in 2010. It resulted in the largest marine oil spill in US history and one of the worst environmental disasters in the world. BP had to pay billions in damages, and its stock price has never been the same since. Despite being one of the oil and gas supermajors, BP’s stock performance hasn’t been the same as that of its peers.

Dividend yield: 4.33%

Enbridge is a Canadian energy infrastructure company that transports and delivers around 30% of the crude oil and 20% of the natural gas produced in North America. The company operates the world’s longest and most complex oil and liquids transportation system (over 17,000 miles). It also generates significant renewable energy in North America and Europe. 

Enbridge’s main challenge in the future regards renewable energy. The company will compete with other renewable energy providers as we slowly move away from fossil fuels. It was an early adopter but must continue innovating and finding new solutions.

Dividend yield: 7.83%

EOG is an independent American oil and gas exploration and production company. It explores, develops, and produces crude oil, natural gas, and natural gas liquids. The company focuses on the US, Canada, Trinidad, and China.

EOG is developing many in-house technologies to reduce its operational costs and lead the way in reducing emissions. It isn’t deficient in its resources for building renewable technologies but limiting its current emissions. As a result, its stock has seen steady returns over the years. 

Dividend yield: 2.64%

Schlumberger (SLB) is the world’s largest offshore drilling company and contractor with a footprint in over 100 countries across North America, Latin America, Europe, Africa, the Middle East, and Asia. The company provides various services to the petroleum industry (data processing, testing, consulting, and more). 

In 2022, SLB rebranded and announced its vision for a decarbonized energy future. It refreshed its identity and unveiled a new logo. The company’s portfolio is diversifying, which might help its stock recover. Since it reached its all-time high stock price in 2014, it’s been going downhill until 2020. Since the beginning of COVID-19 in 2020, SLB has been performing much better.

Dividend yield: 2.03%