Trumping the odds: Will these six large-cap oil and gas stocks shine?

August 09, 2021 11:46 PM BST | By Team Kalkine Media
 Trumping the odds: Will these six large-cap oil and gas stocks shine?
Image source: T.Dallas,Shutterstock

Summary

  • Chevron Corporation (NYSE:CVX) reported total revenue of US$36.1 billion in Q2, 2021.
  • Occidental Petroleum Corporation (NYSE:OXY) reported a net income of US$103 million in Q2, 2021.
  • Hess Corporation (NYSE:HES) has a market cap of US$22.1 billion.

The large-cap oil and gas stocks are companies that have a market capitalization of more than US$10 billion. These companies are into the exploration and production of oil and gas.

They also transport or store these resources. Refineries that produce the final products from oil and gas also fall in this sector.

Here we take a look at six top oil and gas companies, with each having more than US$10 billion market capitalization.

Source: Pixabay.

Chevron Corporation (NYSE:CVX)

Chevron Corporation explores and produces crude oil and natural gas. It also processes and transports these resources. The stock of CVX traded at US$99.97 at 10.31 am ET on August 9, down 1.88 percent from the previous close.

The market capitalization of this oil and gas refining company is US$193.6 billion. Its P/E is 53.55, and the forward P/E one year is 15.38. The earnings per share (EPS) of the company is US$1.87, and the annual dividend is US$5.36.

The highest and lowest stock value of the US-based company is US$113.11 and US$65.16. The share volume is 1,439,328.

It generated total revenue of US$36.1 billion and net income of US$3.1 billion in Q2 of this year. In the year-ago quarter, its revenue was US$16.1 billion, with a net loss of US$8.2 billion.

Also read: Six pipeline stocks to explore as energy demand soars

Occidental Petroleum Corporation (NYSE:OXY)

It produces and transports oil and gas. The stock of this midstream company traded at US$25.48 at 10.46 am ET on August 9, a fall of 3.47 percent over the closing price of August 6.

The market capitalization of this multinational company is US$23.8 billion. The forward P/E one year is 31.42. The EPS and the annual dividend are US$-5.94 and US$0.04.

The lowest and highest stock value of OXY for the last 52 weeks is US$8.52 and US$33.50. The share volume is 4,290,540.

The total revenue of the US enterprise is US$6 billion in the second quarter of 2021 and US$2 billion in Q2 last year. The net income of the OXY for Q2 of the current year is US$103 million, and the net loss of Q2 of last year is US$8.1 billion.

Hess Corporation (NYSE:HES)

The stock of the oil and gas company traded at US$71.76 at 10.52 am ET on August 9, down 1.93 percent from the closing price of August 6. Its market cap is US$22.1 billion.

The forward P/E one year is 32.36. The EPS is US$-0.54, while the annual dividend is US$1. The lowest and highest stock price of the multinational company is US$34.82 and US$91.09. The share volume is 229 639.

The total revenue of the US enterprise is US$1.5 billion in the second quarter of 2021 and US$833 million in Q2 last year. The net loss for this period is US$73 million and US$320 million Q2, 2020.

Source: Pixabay.

Devon Energy Corporation (NYSE:DVN)

The stock of the oil and gas exploration and production company traded at US$26.195 at 11 am ET on August 9, down 3.07 percent over the closing price of August 6.

The market cap of the company engaged in crude oil, natural gas and liquid gas is US$17.6 billion. The P/E ratio is 144.53, while the forward P/E one year is 10.08. The EPS and the annual dividend are US$0.18 and US$0.44, respectively.

The highest and lowest stock price of DVN is US$31.99 and US$7.73. The share volume is 2,129,548.

The total revenue was US$2.4 billion in Q2 of 2021 and US$394 million in Q2 last year. The net income of the company for this period is US$256 million, and the net loss for Q2, 2020 is US$670 million.

Halliburton Company (NYSE:HAL)

 The company provides services and products to upstream companies.

The stock of the oil and gas-related services and Equipment Company traded at US$19.56 at 11.08 am ET on August 9, down 2.18 percent over the closing price of August 6. The stock value of HAL increased by 3.23 percent YTD.

The market capitalization of the US-based enterprise is US$17.4 billion. The P/E is 122.19, while the forward P/E one year is 19.23. The EPS is US$01.6, while the annual dividend is US40.18.

The 52-week highest and lowest stock value of HAL is US$25 and US410.60. The share volume is 3,351,757.

The total revenue of the multinational company for the second quarter of this year is US$3.7 billion against US$3.1 billion of Q2 last year. The net income for this quarter is US$227 million, and the net loss for Q2 last year is US$1.6 billion.


Also read: Top ten oil & gas stocks to explore

Baker Hughes Company (NYSE:BKR)

The stock of the provider of oil and gas-related services and Equipment Company traded at US$20.8 at 11.16 am ET on August 9, down 1.53 percent from the closing price of August 6.

The market capitalization of the US-based company is US$17 billion. The forward P/E one year 27.17. The EPS and the annual dividend are US$-0.03 and US$0.72.

The highest and lowest stock value of BKR for the last 52 weeks is US$26.57 and US$12.13. The share volume is 1,779,170.

The total revenue of the multinational hydrocarbon company is US$5.1 billion in Q2, 2021 and US44.7 billion in Q2 2020. The net loss of the company in Q2, 2021 is US$68 million and US$10.4 billion in Q2, 2020.

Please note: The above constitutes a preliminary view, and any interest in stocks/cryptocurrencies should be evaluated further from an investment point of view.


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