Explore top oil stocks to watch in 2024, including major producers and service companies. Learn about promising investment opportunities in the oil sector amid market fluctuations and rising U.S. production. This guide highlights key players and strategic considerations for long-term success.

Leading Oil Stocks to Consider for Investment in 2024

Is now an ideal period to invest in the oil sector? Which companies should investors focus on? The oil industry, including exploration firms, service firms, and equipment manufacturers, continues to show strong potential. Despite current market challenges and efforts from OPEC to limit output, an upward trend is expected. Long-term investment strategies can target oil producers, service providers, refineries, and chemical companies involved in energy. As U.S. oil output increases and demand for drilling equipment grows, companies selling pipes, valves, and tools present promising opportunities.

Make sure to research thoroughly before investing. Notable companies include:
Suncor Energy Inc. (NYSE: SU)
ONEOK Inc. (NYSE: OKE)
Enterprise Products Partners L.P. (NYSE: EPD)
Core Laboratories N.V. (NYSE: CLB)
National Oilwell Varco (NYSE: NOV)
Chevron Corporation (NYSE: CVX)
Halliburton Company (NYSE: HAL)
Forum Energy Technologies Inc. (NYSE: FET)
Kinder Morgan Inc. (NYSE: KMI)
Fairmont Santrol Holdings Inc. (NYSE: FMSA)
Magellan Midstream Partners, L.P. (NYSE: MMP)
Pioneer Oil & Gas (NYSE: POGS)
Continental Resources, Inc. (NYSE: CLR)
Cimarex Energy Co. (NYSE: XEC)
Gulfport Energy Corp. (NYSE: GPOR)
Range Resources Corp. (NYSE: RRC)
Devon Energy Corp. (NYSE: DVN)
Anadarko Petroleum Corp. (NYSE: APC)
Diamond Back Energy Inc. (NYSE: FANG)
Hess Corp. (NYSE: HES)
Occidental Petroleum Corp. (NYSE: OXY)
Resolute Energy Corp. (NYSE: REN)
PDC Energy Inc. (NYSE: PDCE)
Flotek Industries Inc. (NYSE: FTK)
Callon Petroleum Co. (NYSE: CPE)
Nabors Industries Ltd. (NYSE: NBR)
Schlumberger Ltd. (NYSE: SLB)

Note:

Our insights encompass various sectors to support informed investing. Use our data as a guide; however, these are not final recommendations. We aren't responsible for discrepancies or inaccuracies from third-party sources. Some alternative opportunities may suit individual investor strategies better.