XOM to SLB: Top oil stocks to explore as crude prices decline

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XOM to SLB: Top oil stocks to explore as crude prices decline

 XOM to SLB: Top oil stocks to explore as crude prices decline
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Highlights

  • Exxon Mobil Corporation (NYSE: XOM) revenue surged over 82% in Q4, FY21.
  • Chevron Corporation's (NYSE: CVX) revenue was US$162.46 billion in fiscal 2021.
  • Schlumberger N.V. (NYSE: SLB) revenue jumped 13% YoY in Q4, FY21.

The global oil market has been on a bull run since the Russian invasion of Ukraine. Shares of oil companies were flying high, with most notching double-digit returns.

On Wednesday, Brent oil was trading at around US$121.7 a barrel, down from US$127.98 the day before. Likewise, WTI Crude traded at US$117.61, down from US$123.70 on Tuesday.

So, could this be an early indication of oil prices tapering off after their record surge? The plateauing prices help stabilize the market after the initial shock.

Against this backdrop, here we explore the top five oil and gas stocks that may be worth exploring.

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Exxon Mobil Corporation (NYSE: XOM)

Exxon Mobil is one of the leading oil and gas companies based in Irving, Texas. It explores, produces, and transports crude oil, natural gas, petroleum, and petrochemical products.

The shares of the company traded at US$84.776 at 12:39 pm ET on March 9, down 3.42% from their closing price of March 8. Its stock value increased by 42.11% over the past 12 months.

The firm has a market cap of US$364.38 billion, a P/E ratio of 15.97, and a forward one-year P/E ratio of 11.69. Its current yield is 4.04%, and its annualized dividend is US$3.52.

The 52-week highest and lowest stock prices were US$91.50 and US$52.10, respectively. Its trading volume was 72,082,260 on March 8.

The company's total revenue and other income were US$84.96 billion in Q4, FY21, up over 82% YoY, while its GAAP attributable net income came in at US$8.87 billion, or US$2.08 per share. For fiscal 2021, the company's total revenue and other income were US$285.64 billion.

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Oil price rising on Russia-Ukraine turmoil

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Chevron Corporation (NYSE: CVX)

Chevron is an energy company based in San Ramon, California. It explores crude oil and natural gas in various global markets. In addition, it engages in liquefaction and refining crude oil.

The stock of the company traded at US$167.72 at 12:50 pm ET on March 9, down 1.65% from its previous closing price. The CVX stock rose 53.12%% over the past 12 months.

The market cap of the company is US$329.63 billion, the P/E ratio is 20.79, and the forward one-year P/E ratio is 14.09. Its current yield is 3.51%, and its annualized dividend is US$5.68.

The stock saw the highest price of US$174.00 and the lowest price of US$92.86 in the last 52 weeks. Its share volume on March 8 was 57,231,030.

The company's total revenue and other income surged over 90% YoY to US$48.12 billion in Q4, FY21, while its net income came in at US$5.08 billion, or US$2.63 per diluted share. For fiscal 2021, the company's total revenue and other income were US$162.46 billion.

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ConocoPhillips (NYSE: COP)

ConocoPhillips is a natural gas liquids company based in Houston, Texas. It engages in the exploration and production of hydrocarbon.

The shares of the company traded at US$96.585 at 12:55 pm ET on March 9, down 2.24% from their closing price of March 8. Its stock value grew 66.27% over the past 12 months.

The firm has a market cap of US$125.74 billion, a P/E ratio of 15.97, and a forward one-year P/E ratio of 10.14. Its current yield is 1.82%, and its annualized dividend is US$2.28.

The 52-week highest and lowest stock prices were US$104.44 and US$47.85, respectively. Its trading volume was 17,231,390 on March 8.

The company's total revenue and other income were US$15.96 billion in Q4, FY21, while its net income came in at US$2.62 billion, or US$1.98 per diluted share. For fiscal 2021, the company's total revenue and other income were US$48.34 billion.

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Pioneer Natural Resources Company (NYSE: PXD)

Pioneer Natural Resources is an Irving, Texas-based company that engages in the hydrocarbon exploration business. It specializes in developing and producing oil, natural gas liquids (NGLs), and other related products.

The stock of the company traded at US$224.92 at 1:23 pm ET on March 9, down 5.24% from its previous closing price. The PXD stock soared 49.76% over the past 12 months.

The market cap of the company is US$55.34 billion, the P/E ratio is 27.62, and the forward one-year P/E ratio is 10.41. Its current yield is 1.05%, and its annualized dividend is US$2.48.

The stock saw the highest price of US$246.49 and the lowest price of US$133.73 in the last 52 weeks. Its share volume on March 8 was 5,049,068.

The company's total revenue and other income were US$4.31 billion in Q4, FY21, compared to US$1.85 billion in the year-ago quarter. Its net income attributable to common shareholders was US$763 million, or US$2.97 per diluted share.

For fiscal 2021, the company's revenue and other income were US$14.64 billion.

 

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Schlumberger N.V. (NYSE: SLB)

Schlumberger is an oilfield service and technology firm that provides access to energy solutions through digital technologies. It is based in Houston, Texas.

The shares of the company traded at US$42.25 at 1:28 pm ET on March 9, down 6.28% from their closing price of March 8. Its stock value gained 53.59% over the past 12 months.

The firm has a market cap of US$60.37 billion, a P/E ratio of 32.37, and a forward one-year P/E ratio of 22.65. Its current yield is 1.19%, and its annualized dividend is US$0.50.

The 52-week highest and lowest stock prices were US$46.27 and US$24.52, respectively. Its trading volume was 41,068,140 on March 8.

The company's revenue jumped 13% YoY to US$6.22 billion in Q4, FY21, while its GAAP net income came in at US$601 million, or US$0.42 per diluted share. For fiscal 2021, the company's revenue was US$22.9 billion.

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Oil stocks: XOM, COP, CVX, PXD, SLB

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Bottom line:

The global financial markets have declined sharply amid the Russia-Ukraine turmoil. On Tuesday, President Joe Biden banned Russian energy imports in response to Russia’s invasion, while Britain said it would phase out Russian energy products by the end of 2022.

Russia supplies around 7-8 million barrels of crude to the global market per day. Russia said it would close the gas pipeline to Germany if the Western sanctions continue.

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