Promising Oil Stocks To Keep An Eye On – June 24th

SLB, ExxonMobil, and Chevron are the three Oil stocks to watch today, according to MarketBeat’s stock screener tool. Oil stocks are shares of publicly traded companies involved in the exploration, production, refining, transportation, or sale of oil and petroleum products. For stock market investors, the term usually refers to energy-sector companies whose profits and share prices are often influenced by crude oil prices, global demand, and geopolitical events. These companies had the highest dollar trading volume of any Oil stocks within the last several days.

SLB (SLB)

Schlumberger Limited engages in the provision of technology for the energy industry worldwide. The company operates through four divisions: Digital & Integration, Reservoir Performance, Well Construction, and Production Systems. The company provides field development and hydrocarbon production, carbon management, and integration of adjacent energy systems; reservoir interpretation and data processing services for exploration data; and well construction and production improvement services and products.

ExxonMobil (XOM)

ExxonMobil 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.