3 Top Stocks in Energy
If you hadn't noticed, the world is starting to get more and more serious about clean energy. That's potentially bad news for energy stocks, but don't count the sector out. In fact, there are different ways to play the energy transition if you take the time to dig in just a little. And depending on your stance on the industry, Chevron (NYSE: CVX), Royal Dutch Shell (NYSE: RDS.B), and TotalEnergies (NYSE: TOT) are all potential top energy stocks to look at right now. Here's why.
Chevron isn't ignoring the shift toward renewable power (and away from the carbon-based fuels it specializes in), but it is basically choosing to stick with what it knows best. In fact, during the industry downturn in 2020, it bought Noble Energy, using the opportunistic acquisition to bulk up its energy business. That may not sound like the smartest thing to do when the world is looking toward a cleaner future, but the truth is that the shift away from oil and natural gas isn't like turning off a light switch.
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Source Fool.com
