3 Top Stocks That Will Make You Richer in 2024 (and Beyond)
Energy is one of the oldest sectors in the business world, but it's also cyclical, experiencing periods of boom and bust. Unfortunately, the past decade has been challenging for the sector. Over that span, the energy sector of the S 500 is up less than 1%, while the index is up over 150%.
Many energy companies have lagged behind the market in 2023, but that's put them in a prime position for new investors. Devon Energy (NYSE: DVN), Enbridge (NYSE: ENB), and (NYSE: CVX) are companies operating in different parts of the oil and gas value chain and fit that description. Each company is poised for significant long-term growth.
Devon Energy operates in the upstream segment of the oil and gas industry, focusing on hydrocarbon exploration and extraction. Hydrocarbons are important for many energy and industrial needs, so Devon Energy's business is crucial in meeting global energy demand.
Source Fool.com
Chevron Corp. Stock
With 26 Buy predictions and not a single Sell prediction Chevron Corp. is an absolute favorite of our community.
With a target price of 179 € there is a positive potential of 20.8% for Chevron Corp. compared to the current price of 148.18 €.
