These Oil Stocks Can Thrive Even With Crude Prices Sinking

Oil prices have tumbled this year. WTI, the primary U.S. oil price benchmark, has plunged from about $80 a barrel in early January to around $60 a barrel. The culprit has been the concern that tariffs will slow the global economy, driving down demand for crude oil. Lower crude prices will impact oil company cash flows. However, some oil stocks are in a better position to navigate the lower oil prices than others due to their abundant low-cost oil resources. Three oil companies that can still thrive in the current environment are Devon Energy (NYSE: DVN), ConocoPhillips (NYSE: COP), and Chevron (NYSE: CVX). Devon Energy has a premier multibasin U.S. onshore resource portfolio. The company produces oil and gas from the Rockies, Delaware Basin, Anadarko Basin, and Eagle Ford. That diversification helps reduce risk and enhances its long-term growth profile. Continue reading

Apr 15, 2025 - 09:18

These Oil Stocks Can Thrive Even With Crude Prices Sinking

Oil prices have tumbled this year. WTI, the primary U.S. oil price benchmark, has plunged from about $80 a barrel in early January to around $60 a barrel. The culprit has been the concern that tariffs will slow the global economy, driving down demand for crude oil.

Lower crude prices will impact oil company cash flows. However, some oil stocks are in a better position to navigate the lower oil prices than others due to their abundant low-cost oil resources. Three oil companies that can still thrive in the current environment are Devon Energy (NYSE: DVN), ConocoPhillips (NYSE: COP), and Chevron (NYSE: CVX).

Devon Energy has a premier multibasin U.S. onshore resource portfolio. The company produces oil and gas from the Rockies, Delaware Basin, Anadarko Basin, and Eagle Ford. That diversification helps reduce risk and enhances its long-term growth profile.