“Top Oil Stocks To Watch In U.S. Shale As Profits Return Amid Rising Crude Demand”
May 17, 2021
“After series of takeover deals that reshuffling some shale oil stocks, Pioneer Natural Resources (PXD) now reigns as the top producer in the Permian Basin and is boosting returns to shareholders…
Exxon Mobil (XOM) is the world’s largest publicly traded oil company by market cap ($257 billion), despite a sharp decline, with operations around the world from deepwater drilling off the Australian coast to conventional drilling in the Middle East. Exxon also doubled its holdings in the Permian Basin, which accounts for one-third of U.S. production, with a $5.6 billion deal in 2017…
Meanwhile, global oil rival Chevron (CVX) is closing in on Exxon’s dominance with a $211 billion market cap and is the only oil major on the DJIA. In July, Chevron agreed to buy Noble Energy for $5 billion, increasing its presence in the Permian Basin, as well as in the eastern Mediterranean and West Africa…”
https://www.investors.com/research/oil-stocks-to-buy/?src=A00220