Many oil- and gas-related stocks rose this past week as traders rotated into companies that stand to profit from higher energy prices.
Here’s how some of the top energy stocks performed:
Will AI create the world’s first trillionaire? Our team just released a report on the one little-known company, called an “Indispensable Monopoly” providing the critical technology Nvidia and Intel both need. Continue »
-
ExxonMobil (NYSE: XOM), up 7%
-
Transocean (NYSE: RIG), up 11%
-
SLB (NYSE: SLB), up 15%
Following strikes by the U.S. and Israeli militaries, Iran has moved to close the Strait of Hormuz to commercial shipping. With roughly 20% of global oil and liquefied natural gas (LNG) shipments unable to traverse this key waterway, fears of supply shortages are mounting.
Oil and gas prices are up sharply since the strikes began in late February. They could continue to head higher if conflict intensifies.
The Trump Administration has said that it’s attempting to negotiate an end to the hostilities. Yet the U.S. is also reportedly considering launching ground operations in Iran. That would mark a significant escalation and likely prolongment of the conflict.
ExxonMobil is one of the biggest and best-run energy companies in the world today, with operations spanning exploration, production, and refining of oil and natural gas.
Transocean is a leader in offshore drilling for oil and gas wells. It specializes in complex, ultra-deepwater operations.
SLB, formerly known as Schlumberger, provides a wide range of services to the oil and gas industry, with operations in more than 100 countries.
Before you buy stock in ExxonMobil, consider this:
The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now… and ExxonMobil wasn’t one of them. The 10 stocks that made the cut could produce monster returns in the coming years.
Consider when Netflix made this list on December 17, 2004… if you invested $1,000 at the time of our recommendation, you’d have $503,861!* Or when Nvidia made this list on April 15, 2005… if you invested $1,000 at the time of our recommendation, you’d have $1,026,987!*
Now, it’s worth noting Stock Advisor’s total average return is 884% — a market-crushing outperformance compared to 179% for the S&P 500. Don’t miss the latest top 10 list, available with Stock Advisor, and join an investing community built by individual investors for individual investors.