Oil Stocks To Follow Today – April 3rd

Exxon Mobil, Chevron, and BP are the three Oil stocks to watch today, according to MarketBeat’s stock screener tool. Oil stocks are shares of companies whose primary business is the production, transportation, refining, or servicing of crude oil and petroleum products. They include upstream producers, midstream pipeline and storage firms, downstream refiners/marketers, and oilfield service and equipment companies, giving investors direct exposure to the oil commodity and related markets. Their prices are typically cyclical and closely tied to crude-oil prices, geopolitical events, supply/demand fundamentals, and regulatory changes, and they often involve high capital expenditure and dividend considerations. These companies had the highest dollar trading volume of any Oil stocks within the last several days.

Exxon Mobil (XOM)

Exxon Mobil Corporation engages in the exploration and production of crude oil and natural gas in the United States and internationally. It operates through Upstream, Energy Products, Chemical Products, and Specialty Products segments. The Upstream segment explores for and produces crude oil and natural gas.

Chevron (CVX)

Chevron Corporation, through its subsidiaries, engages in the integrated energy and chemicals operations in the United States and internationally. The company operates in two segments, Upstream and Downstream. The Upstream segment is involved in the exploration, development, production, and transportation of crude oil and natural gas; processing, liquefaction, transportation, and regasification of liquefied natural gas; transportation of crude oil through pipelines; transportation, storage, and marketing of natural gas; and carbon capture and storage, as well as a gas-to-liquids plant.

BP (BP)

BP p.l.c. provides carbon products and services. The company operates through Gas & Low Carbon Energy, Oil Production & Operations, and Customers & Products segments. It engages in the production of natural gas, and integrated gas and power; trading of gas; operation of onshore and offshore wind power, as well as hydrogen and carbon capture and storage facilities; trading and marketing of renewable and non-renewable power; and production of crude oil.