- Oil & Natural gas prices are again on a northbound journey, trading above USD 90 a barrel.
- Over the past several months, the steady rise in energy prices has led to higher energy bills for UK households.
Oil & Natural gas prices worldwide are once again on a northbound journey, leading to a rise in inflation and negatively impacting household finances. The global benchmark prices of crude oil traded above USD 90 a barrel and rose by nearly 15% in January 2022 amid geopolitical tension between Russia and Ukraine.
Back in the United Kingdom, the steady rise in energy prices over the past several months has led to higher energy bills for UK households. With the energy regulator Ofgem announcing the new price cap, the energy bills are all set to increase by nearly 54% in April 2022, pushing more families towards fuel poverty, a measurement to gauge the amount of household income spent on energy.
On the other hand, the rising energy prices have benefited companies operating in the oil & gas sectors. Let us take a look at 3 FTSE listed stocks from the energy sectors that are positively impacted due to energy price rise:
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BP Plc (LON: BP.)
The integrated oil and gas company operates in every segment of oil production, from extraction to fuel retailing. The company recently bought a 30% stake in Green Biofuels Ltd, a low emission fuel provider in the UK. The new investment will help BP Plc expand its low carbon portfolio offering.
BP Plc currently trades at GBX 403.85, up by 2.92% on 04 February 2022 at 10:45 am GMT+1, with a market cap of £77,132 million. In the last one year, the stock has given a 56.21% return to its shareholders.
Vivo Energy Plc (LON: VVO)
The company operates in the fuel retailing segment. It distributes fuels and lubricants through its network of service stations in around 23 countries. The company’s management recently agreed to USD 2.3 billion takeover bid from Vitol Group. Shareholders of the fuel retail company will get USD 1.85 in cash for each share held.
In the first nine months of 2021, the company reported a 19% rise in gross cash profits to USD 580 million.
Vivo Energy Plc currently trades at GBX 133, up by 1.06% on 04 February 2022 at 10:45 am GMT+1, with a market cap of £1,667 million. In the last one year, the stock has given a 66.03% return to its shareholders.
Energean Plc (LON: ENOG)
FTSE250 listed company is engaged in the exploration and production of oil & gas. It has operations in Europe and Egypt countries. For the 12 months ended 31 December 2021, the company’s business reported solid performance. Its average production was at 41 kboed (72% gas) during the period, which resulted in total revenue of USD 495 million and an EBITDAX of USD 202.9 million. In 2022, the company anticipates robust business performance.
Energean Plc currently trades at GBX 942.50, up by 3.34% on 04 February 2022 at 10:45 am GMT+1, with a market cap of £1,619 million. In the last one year, the stock has given a 16.59% return to its shareholders.