Oil stocks are back in focus, with the ongoing Israel-Hamas war pushing oil prices higher on fears of a wider conflict in the Middle East that could disrupt supplies. Further, the recently announced mega deals in the sector have gained investors’ attention.
Flush with cash from the stellar profits made last year from the spike in oil prices, oil giants are strengthening their positions through strategic acquisitions and continue to bet on fossil fuels as the transition to clean energy is expected to be a long and expensive process. Also, U.S. oil giants are expanding their footprint near home due to rising geopolitical uncertainties.
Bearing this backdrop in mind, I used TipRanks’ Stock Comparison Tool to compare the following oil stocks and pick the most attractive one, as per Wall Street analysts.
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