XOM, CVX among top 5 oil & gas stocks to explore in Q2

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XOM, CVX among top 5 oil & gas stocks to explore in Q2

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 XOM, CVX among top 5 oil & gas stocks to explore in Q2
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Highlights:

  • Exxon Mobil Corporation (NYSE: XOM) reported revenue of over US$90 billion in the first quarter of fiscal 2022.
  • Chevron Corporation (NYSE: CVX) stock surged more than 43% YTD.
  • ConocoPhillips (NYSE: COP) reported a revenue of US$19.29 billion in Q1, FY22.

The oil and gas stocks are on investors' radar as surging energy prices raised hopes of bigger gains. The Russia-Ukraine war has fuelled a price rally amid fears of constricted supplies. It has also raised concerns about slow economic growth as energy is a major driver of economic growth.

These companies are engaged in upstream and midstream oil exploration, processing, storing, transportation, and downstream activities like refining oil into gasoline, diesel, etc.

Besides supplying various products to the transportation and power sectors, it provides core ingredients to the petrochemical industries that make items like plastic, rubber, fertilizer, etc.

The sector can be sensitive to demand and supply concerns or unfavorable geopolitical situations. For instance, Moscow's invasion of Kyiv has sent oil prices above US$100 this year. Here we explore some of the top oil and gas stocks worth watching in Q2.

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Exxon Mobil Corporation (NYSE: XOM)

Exxon Mobil Corporation is one of the leading oil and gas companies based in Irving, Texas. It focuses on exploring, producing, and transporting crude oil, natural gas, petroleum, and petrochemical products.

The shares of the company closed at US$91.69 on May 6, up 1.53% from their closing price of May 5. Its stock value increased by 44.3% YTD.

The firm has a market cap of US$387.45 billion, a P/E ratio of 15.21, and a forward one-year P/E ratio of 8.90. Its EPS is US$6.03.

The 52-week highest and lowest stock prices were US$92.05 and US$52.10, respectively. Its trading volume was 29,619,350 on May 6.

The company's total revenue and other income were US$90.50 billion in Q1, and FY22, compared to US$59.14 billion in the year-ago quarter. Its attributable net income came in at US$5.49 billion, or US$1.28 per share, compared to US$2.73 billion, or US$0.64 per share in Q1, FY21.

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Top oil & gas stocks to explore in MaySource: Pixabay

Chevron Corporation (NYSE: CVX)

Chevron is an energy company based in San Ramon, California. It engages in exploring crude oil and natural gas in various geographical locations. In addition, it liquefies and refines crude oil.

The stock closed at US$170.69 on May 6, up 2.66% from its previous closing price. The CVX stock rose 43.12% YTD. The market cap of the company is US$335.38 billion, the P/E ratio is 16.04, and the forward one-year P/E ratio is 9.68. Its EPS is US$10.64.

The stock saw the highest price of US$174.76 and the lowest price of US$92.86 in the last 52 weeks. Its share volume on May 6 was 10,418,070.

The company's total revenue and other income were US$54.37 billion in Q1, FY22, compared to US$32.02 billion in the same quarter of the previous year. Its attributable net income came in at US$6.25 billion, or US$3.22 per diluted share, compared to US$1.39 billion, or US$0.72 per diluted share in Q1, FY21.

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ConocoPhillips (NYSE: COP)

ConocoPhillips is a natural gas liquids firm specializing in exploring and producing hydrocarbon and transporting oil and natural gas. It is based in Houston, Texas.

The shares of the company closed at US$107.69 on May 6, up 4.7% from their closing price of May 5. Its stock value soared 45.98% YTD. The firm has a market cap of US$139.57 billion, a P/E ratio of 11.1, and a forward one-year P/E ratio of 7.13. Its EPS is US$9.70.

The 52-week highest and lowest stock prices were US$107.52 and US$51.41, respectively. Its trading volume was 9,213,091 on May 6.

The company's total revenue and other income were US$19.29 billion in Q1, FY22, compared to US$10.55 billion in the year-ago quarter. Its net income came in at US$5.75 billion, or US$4.39 per diluted share, compared to US$982 million, or US$0.75 per diluted share in Q1, FY21.

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Devon Energy Corporation (NYSE: DVN)

Devon is an energy company that engages in the exploration, development, and production of oil, natural gas, and natural gas liquids. The company is based in Oklahoma City, Oklahoma.

The stock of the company closed at US$69.69 on May 6, up 3.78% from its previous closing price. The DVN stock surged 52.93% YTD.

The market cap of the company is US$46.02 billion, the P/E ratio is 13.07, and the forward one-year P/E ratio is 7.79. Its EPS is US$5.33.

The stock saw the highest price of US$68.87 and the lowest price of US$24.05 in the last 52 weeks. Its share volume on May 6 was 14,629,750.

The company reported a revenue of US$3.81 billion in the first quarter of fiscal 2022, as compared to US$2.05 billion in the same quarter of the prior year. Its attributable net income came in at US$989 million, or US$1.48 per diluted share, as compared to US$213 million, or US$0.32 per diluted share in Q1, FY21.

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Oil & gas stocks: XOM, CVX, COP, DVN, PSXData as of May 6.

Phillips 66 (NYSE: PSX)

Phillips 66 is an energy company that specializes in manufacturing and logistics related to the midstream, chemicals, refining, and other related activities. It is based in Houston, Texas.

The shares of the company closed at US$96.36 on May 6, up 1.95% from their closing price of May 5. Its stock value jumped 27.22% YTD.

The firm has a market cap of US$46.35 billion, a P/E ratio of 16.79, and a forward one-year P/E ratio of 10.27. Its EPS is US$5.74.

The 52-week highest and lowest stock prices were US$96.76 and US$63.19, respectively. Its trading volume was 4,093,630 on May 6.

The company's total revenue and other income were US$36.72 billion in Q1, FY22, compared to US$21.92 billion in the year-ago quarter. Its attributable net income came in at US$582 million, or US$1.29 per diluted share, against a loss of US$654 million, or US$1.49 per diluted share in Q1, FY21.

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Bottom line:

Despite various macroeconomic concerns, the energy sector has been among the top gainers this year. The S&P 500 Energy sector gain 49.18% YTD while increasing 58.79% over the past 12 months. On the other hand, the S&P 500 index slumped 13.49% YTD. However, investors should exercise due diligence before considering an investment in the stock market.

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