Think Crude Oil Is Going to $100 a Barrel? Then You'll Love These 3 Dividend Stocks.
After a huge run-up in oil and gas prices following early pandemic lows in 2020, the market started to cool off in late 2022 and throughout 2023. 2023 ended up being a great year for the energy sector, but corporate profits were mostly down.
So far in 2024, oil prices are back on the rise, led by strong demand and tightening supply management -- including OPEC cuts -- as well as ongoing geopolitical tensions. Projected outsize earnings are helping many oil and gas stocks hit all-time highs.
Investors looking for ways to invest in a strong oil market have come to the right place. Three Motley Fool contributors have compiled reports explaining why (NYSE: CVX), Devon Energy (NYSE: DVN), and Texas Pacific Land (NYSE: TPL) are three dividend stocks to buy now.
Source Fool.com
Chevron Corp. Stock
The stock is an absolute favorite of our community with 25 Buy predictions and no Sell predictions.
As a result the target price of 179 € shows a positive potential of 20.21% compared to the current price of 148.9 € for Chevron Corp..
