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