The performance of oil companies’ stocks is largely tied to the price of crude oil. When the oil price is high, the stocks of these companies will usually soar. For those who want to invest in crude oil but don’t want to take on too much risk, big oil companies are a viable alternative.
So what are some of the most famous oil companies currently listed in the U.S.?
We’ve selected some of the top oil companies for you. They include:
- chevron (CVX)
- exxon mobil (XOM)
- ConocoPhillips (ConocoPhillips, COP)
- Phillips 66 (PSX, note: Phillips 66 is one of warren buffett stock holdings in 2018)
- Total (TOT)
- British petroleum (BP)
- Norway’s national oil company (EQNR),
- RDS. A (royal Dutch shell)
- Suncor Energy (SU)
- Petrochina (PTR)
It should be noted that the profitability and stock performance of the above companies are different. You’ll need to do some serious fundamental research before investing in them.