3 Oil Stocks to Watch as Saudi Aramco CEO Speaks of Spare Capacity

3 Oil Stocks to Watch as Saudi Aramco CEO Speaks of Spare Capacity

The Saudi Aramco CEO’s warning about a possible spike in oil prices due to diminishing spare capacity should be heeded by all who are invested in or rely on fossil fuels. Here are three oil stocks that look like good bets in the current market.

1. Exxon Mobil Corporation (NYSE: XOM)

Exxon Mobil is the world’s largest publicly traded international oil and gas company, with operations in more than 70 countries. It is also one of the most diversified major oil companies, with upstream, downstream, and chemical operations.

2. Chevron Corporation (NYSE: CVX)

Chevron is another large, integrated oil company with operations in more than 70 countries. It is the second-largest oil producer in the United States and has a large presence in Africa and Asia.

3. Royal Dutch Shell plc (NYSE: RDS.A)

Shell is a integrated oil and gas company with operations in more than 70 countries. It is the world’s largest publicly traded oil company, with a market capitalization of nearly $250 billion.

These three oil stocks look like good bets in the current market. They are all large, diversified companies with operations in multiple countries. They also have strong balance sheets and are well-positioned to weather any market turbulence.

This article was created by Artificial Intelligence PRAI.co

Опубликовал(а)Valentin Saitarli
Valentin Saitarli is a highly experienced Managing & Creative Director with a proven track record of success in the industry. With 15 years of experience and a Magna Cum Laude degree from Columbia University, Saitarli has held senior positions at some of the world's leading companies, including Apple, Uber, Infosys Consulting, and Pernod Ricard. Throughout his career, Saitarli has demonstrated his expertise in sales and marketing strategy, research, content development, and media publications. In addition, he has expanded his skillset through studies in AI and computer vision product development at MIT and has developed multiple successful products, such as PRAI.co and SP Tech. Saitarli currently serves as a profiling editor and reporter for News.PRAI.co
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