The 6 Best Performing Energy Stocks Of 2023

Energy Stocks

If you are looking for the best-performing energy stocks of 2022, then you are at the right place. There is no doubt in saying that the energy sector powers the global economy. However, the rising prices of oil, as well as natural gas, make this a great time to take a closer look at the energy stocks. 

We’ve profiled the six largest energy companies by market capitalization to help you understand the importance of the energy market sector and decide which is right for your investment. So, let’s get started!

The 6 Best Performing Energy Stocks Of 2022

Here in this section, we mentioned the top 6 best-performing energy stocks of 2022:

  1. Exxon Mobil Corp (XOM)
  2. Chevron Corp (CVX)
  3. Shell PLC (RYDAF)
  4. ConocoPhillips (COP)
  5. TotalEnergies SE (TTE)
  6. Equinor ASA (EQNR)

1. Exxon Mobil Corp (XOM)

The first on our list of best energy stocks is Exxon Mobil Corp (XOM). The market capitalization of this company is nearly about 451.37 billion USD. 

About Exxon Mobil Corp (XOM): 

This company was created in the year of 1999, with the merger of two companies named Exxon and Mobil. ExxonMobil’s core business is the exploration, production, and trade of crude oil and natural gas, as well as the manufacture of petroleum products. On the other hand, the headquarter of this company is in Irving, Texas. 

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2. Chevron Corp (CVX)

The second on our list of best energy stocks is Chevron Corp (CVX). The market capitalization of this company is nearly about 359.03 billion USD.

About Chevron Corp (CVX):

If we talk about Chevron, then this company is the second-largest energy company in the United States and the third-largest in the world. The headquarter of this company is in San Ramon, California.

On the other hand, it is a major oil and gas producer, a supplier of jet fuel, and the owner of over 7,800 Chevron and Texaco retail gas stations. However, it invests in future low-carbon energy projects, such as renewable jet fuel.

3. Shell PLC (RYDAF)

The next energy stock on our list is Shell PLC (RYDAF). The market capitalization of this company is nearly about 206.00 billion USD.

About Shell PLC (RYDAF):

The headquarter of this company is in The Hague, Netherlands. On the other hand, this company was founded in the year of 1907. This company has recently undergone a rebranding, shifting its headquarters to the United Kingdom and changing its name from Royal Dutch Shell.

On the other hand, Shell cut its dividend in response to the collapse of energy prices during the Covid-19 pandemic, a hit to income investors who held its stock.

4. ConocoPhillips (COP)

The fourth on our list of best energy stocks is ConocoPhillips (COP). The market capitalization of this company is nearly about 168.45 billion USD.

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About ConocoPhillips (COP):

ConocoPhillips is a Houston-based American energy company focusing on oil and gas exploration and production (E&P), the front end of hydrocarbon production. However, it is the world’s largest independent exploration and production company.

However, this company discovers new oil and gas reserves worldwide while developing novel technologies to extract more energy from existing reserves. The rebound in oil demand has boosted its stock performance and future prospects, as it can now sell its products for a higher price.

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5. TotalEnergies SE (TTE)

The fifth on our list of best-performing Energy stocks is TotalEnergies SE (TTE). The market capitalization of this company is about 146.25 billion USD. 

About TotalEnergies SE (TTE):

TotalEnergies was founded in the year of 1924 as an oil and gas company. On the other hand, this company is the largest energy company in France. Its core business is oil, gas exploration, drilling, and refining. 

However, in 2021, the company announced that it intends to significantly shift to cleaner energy sources in the future, with natural gas and renewable energy accounting for half of its planned capital investment budget over the next four years. On the other hand, Its name was changed from Total to TotalEnergies.

6. Equinor ASA (EQNR)

The last on our list of best-performing Energy stocks is Equinor ASA (EQNR). The market capitalization of this company is nearly about 122.28 billion USD. 

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About Equinor ASA (EQNR):

The previous name of this company is Statoil, but the current name is Equinor. On the other hand, this company operates in more than 30 countries worldwide. Equinor is owned by the Norwegian government, which owns 67% of the company.

Equinor operates major offshore oil and gas projects on the Norwegian and British continental shelves, as well as fields in Brazil, the United States, and Nigeria. It also operates several major European pipelines, but it sees its future growth in wind, solar, and hydropower projects.

Conclusion

This is the end of this post. In this post, we mentioned the 6 best-performing energy stocks of 2022. However, if you are interested in buying one of the energy stocks that we mentioned above, then we recommend that you do a proper analysis of that particular stock in order to get the best profit. I hope you like our post if so then let us know in the comment section below.

Happy Investing!

FAQs

Q1. What are the best energy stocks to invest in?

A few leaders stand out due to their larger size and strong financial profiles or as per the market capitalization. Here are a few top energy companies to consider: NextEra Energy, Devon Energy, Occidental Petroleum, First Solar, etc. 

Q2. Are energy stocks risky?

The energy sector is essential to the global economy because it provides the fuel and electricity required to power trade and travel. When the economy slows, as it did during the COVID-19 pandemic, energy demand and prices can suffer significantly. 

This can have a great impact on energy stock prices. When the economy accelerates, as it did in 2021 as more vaccines were released to limit the pandemic, demand soars, and prices usually follow suit. As a result, investors should concentrate on stocks of companies that can easily survive a downturn. On the other hand, consider paying more attention to cleaner energy companies that use renewable sources.