Top Energy Stocks for August 2022

0

The energy sector is composed of companies focused on the exploration, production, and marketing of oil, gas, and renewable resources around the world. Energy sector stocks include upstream companies that primarily engage in the exploration of oil or gas reserves, such as Devon Energy Corp. Downstream companies include Marathon Petroleum Corp., which refines and processes oil and gas products for delivery to consumers. Among the industry’s biggest players are Chevron Corp. and ExxonMobil Corp.

Oil and gas prices have spiked in recent months due to Russia’s invasion of Ukraine.
1
2
President Biden called on oil companies in June to refine more oil into gasoline in an effort to bring down gas prices nationwide.
3

Energy stocks, as represented by an exchange-traded fund (ETF)—the Energy Select Sector SPDR ETF (XLE)—have dramatically outperformed the broader market, posting a total return of 61.2% over the past six months compared to the Russell 1000 Index’s total return of -8.3%.
4
These market performance numbers and all statistics in the tables below are as of July 19, 2022.

Below are the top three energy stocks with the best value, the fastest growth, and the most momentum.

Category: asked August 31, 2022

1 Answer

0
This year is shaping up to be a lot different than most investors had expected. And that means, as investors look to retool their portfolios with the best stocks for the rest of 2022, they'll have to take a somewhat different tack than they did at the start of the year.That means we need to find other stock to invest energy sector. We should look closer to this one https://modo.energy/, right? If you have any other ideas, please, share them.