Top Energy Stocks to Watch for Investment Opportunities in 2024
Explore top energy stocks for 2024, including oil producers, service companies, and equipment suppliers. With U.S. production resurging and sector growth expected over time, these stocks offer promising long-term investment opportunities. Careful research and strategic patience are key as the sector reaffirms its strength, making it a compelling choice for investors aiming for future gains in the energy industry.
Leading Energy Stocks to Consider Investing in 2024
Wondering if investing in energy stocks is a smart move this year? If so, which companies should be on your radar? This includes oil producers, service providers, and equipment manufacturers. The energy sector remains promising, with OPEC nations aligning on production cuts, although oil prices haven't surged significantly yet. As oil prices eventually climb, investing in key players—whether in exploration, refining, or related services—is a strategic long-term choice. With US production rising and rigs operational again, companies supplying drilling equipment, pipes, and chemicals are poised for growth.
Thorough research is vital, and keep in mind that sector growth may take time. Long-term investments can include oil companies, oilfield services, refining businesses, and energy chemical producers. The resurgence in US oil production and infrastructure upgrades also suggest promising opportunities for equipment and support companies in the sector. Here are some noteworthy stocks to keep an eye on:
Suncor Energy Inc. (NYSE: SU)
ONEOK Inc. (NYSE: OKE)
Enterprise Products Partners L.P. (NYSE: EPD)
Core Laboratories N.V. (NYSE: CLB)
National Oilwell Varco (NYSE: NOV)
Chevron Corp. (NYSE: CVX)
Halliburton Co. (NYSE: HAL)
Forum Energy Technologies (NYSE: FET)
Kinder Morgan Inc. (NYSE: KMI)
Fairmont Santrol Holdings (NYSE: FMSA)
Magellan Midstream Partners (NYSE: MMP)
Pioneer Oil & Gas (NYSE: POGS)
Continental Resources (NYSE: CLR)
Cimarex Energy Co. (NYSE: XEC)
Gulfport Energy (NYSE: GPOR)
Range Resources Corp. (NYSE: RRC)
Devon Energy (NYSE: DVN)
Anadarko Petroleum (NYSE: APC)
Diamond Back Energy (NYSE: FANG)
Hess Corp. (NYSE: HES)
Occidental Petroleum (NYSE: OXY)
Resolute Energy (NYSE: REN)
PDC Energy (NYSE: PDCE)
Flotek Industries (NYSE: FTK)
Callon Petroleum (NYSE: CPE)
Nabors Industries (NYSE: NBR)
Schlumberger Ltd. (NYSE: SLB)
