From XOM to CVX: 5 top performing stocks in Q1, FY22

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From XOM to CVX: 5 top performing stocks in Q1, FY22

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 From XOM to CVX: 5 top performing stocks in Q1, FY22
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Highlights

  • Chevron Corporation (NYSE: CVX) has aP/E ratio of 20 and a dividend yield of 3.43%.
  • Exxon Mobil Corporation's (NYSE: XOM)P/E ratio is 15.32, and the yield is 4.2%.
  • EOG Resources, Inc.'s (NYSE: EOG)dividend yield is 2.48%, and the P/E ratio is 14.94.

The energy companies gained the most in the first quarter of 2022. The Russia-Ukraine war and the subsequent Western sanctions have put additional pressure on the fragile global supply chain. The supplies of wheat, corn, oil, essential metals, etc., were severely impacted.  

The international benchmark Brent crude prices shot up to nearly US$140 a barrel last month. Furthermore, fears over the impact of interest rate hikes this year have dragged down the growth stocks as investors paused to evaluate the possible decline in profits from the decision. 

The following are five stocks with over a US$50 billion market cap and a strong growth rate.

Chevron Corporation (NYSE: CVX)

Closing price on March 31, 2022: US$162.83 

San Ramon, California-based Chevron is an integrated energy company engaged in global exploration, production, and refining operations. The company has refineries in the US and Asia. 

For the fiscal year ended December 31, 2021, Chevron generated revenue of US$162.5 billion in fiscal 2021 compared to US$94.69 billion in FY2020. 

Its net income attributable to Chevron rose to US$15.62 billion or US$8.14 per share diluted versus a net loss of US$5.53 billion or US$2.96 per share diluted in fiscal 2020.   

The company has a market capitalization of US$317.12 billion. Its P/E ratio is 20, and the dividend yield is 3.43%. The stock traded in the price range of US$174.76 to US$92.86 in the past year. 

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From XOM to CVX: 5 top performing stocks in Q1, FY22

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Pioneer Natural Resources Company (NYSE: PXD)

Closing price on March 31, 2022: US$250.03 

Pioneer Natural Resources is an independent oil and gas exploration and production company headquartered in Irving, Texas. The company has operations in Permian Basin, Texas.  

Pioneer reported revenue of US$14.64 billion for the fiscal year ended December 31, 2021, compared to US$6.69 billion in the previous year. 

It generated a net income of US$2.12 billion or US$8.61 per diluted share against a net loss of US$0.200 billion or US$1.21 per share diluted in FY 2020. 

Its long-term strategy is to utilize the long-existing Spraberry/Wolfcamp oil field in West Texas's Midland Basin. This field has an estimated productive life of more than 50 years.

Pioneer has a market capitalization of US$60.73 billion. It has a P/E ratio of 30.31, and the dividend yield is 0.96%, with an annualized dividend of US$2.48. 

The stock traded in the price range of US$260.00 to US$133.73 in the last 52 weeks. 

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ConocoPhillips (NYSE: COP)

Closing Price on March 31, 2022: US$100.00 

ConocoPhillips is an independent exploration and production company headquartered in Houston, Texas. It operates in North America, Europe, the Middle East, Africa, Asia Pacific, etc.

For the year ended December 31, 2021, COP’s revenue was US$48.35 billion compared to US$19.26 billion in the previous fiscal year. 

It posted a net income of US$8.08 billion or US$6.07 per diluted share compared to a net loss of US$2.70 billion or US$2.51 per diluted share in fiscal 2020.

The company has a market capitalization of US$129.6 billion. Its P/E ratio is 16.5, and the dividend yield is 2.26%. The stock traded in the range of US$107.52 to US$47.85 in one year.

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Exxon Mobil Corporation (NYSE: XOM)

Closing Price on March 31, 2022: US$82.59 

Irving, Texas-based ExxonMobil is an integrated oil and gas company engaged in exploring, processing, and refining oil. It is one of the world’s largest commodity and specialty chemicals manufacturers. 

For fiscal 2021, the company generated revenue of US$276.7 billion compared to US$178.57 billion in the previous year.

 The net income attributable to the company came in at US$23.04 billion or US$5.39 per share diluted, compared to a net loss of US$22.44 billion or US$5.25 per share diluted in the fiscal year 2020.  

The company has a market capitalization of US$349.65 billion. Its P/E ratio is 15.32, and the dividend yield is 4.2%.

 The stock traded in the price range of US$91.50 to US$52.10 in the last 52 weeks.

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From XOM to CVX: 5 top performing stocks in Q1, FY22 Source: Pixabay

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EOG Resources, Inc. (NYSE: EOG) 

Closing Price on March 31, 2022: US$119.23 

EOG Resources is an oil and gas producer with exploration sites in the Permian Basin, Bakken, and Eagle Ford. The company is headquartered in Houston, Texas. 

EOG will release its first-quarter earnings results on May 6, 2022.  

The company posted a net income of US$4.66 billion or US$7.99 per share on revenue of US$18.64 billion in fiscal 2021. It incurred a net loss of US$0.605 billion or US$1.04 per share in FY 2020 on revenue of US$11.03 billion. 

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The company generated US$5.5 billion of free cash flow in 2021 while its well costs decreased by 7%. EOG also identified 700 new net double premium locations in the year.

EOG has a market capitalization of US$69.8 billion. Its P/E ratio is 14.94, and the dividend yield is 2.48%. The stock traded in the price range of US$ $124.89/$62.81 in the last 52 weeks.

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Bottom line:

The war-related uncertainties brought the energy sector into focus in the first quarter. Evidently, the NYSE Energy Index gained 31.92% YTD, whereas the benchmark S&P 500 Index fell 4.95% in the same period. The stock market is volatile; hence, investors should carefully evaluate the company fundamentals and the broader market before investing in stocks. 

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