Even Though Oil Prices Are Down, These 3 Energy Stocks Have Plenty of Fuel to Continue Growing

Core Insights - Crude oil prices have decreased by approximately 15% over the past year, with West Texas Intermediate (WTI) falling below $70 per barrel, impacting cash flows for many energy companies [1] Group 1: Company Resilience - ExxonMobil is highlighted for its strong balance sheet, which has allowed it to maintain operations and dividends through volatile energy prices, having increased its dividend for 42 consecutive years [3][6] - Plains All American Pipeline benefits from stable cash flows due to long-term fixed-rate contracts, expecting adjusted EBITDA to rise to between $2.8 billion and $2.95 billion this year, up from less than $2.8 billion last year [8][9] - Chevron, despite being closely tied to oil prices, has seen its stock reach a 52-week high, reflecting investor confidence, and has raised dividends for 37 consecutive years [12][13] Group 2: Growth Strategies - ExxonMobil plans to use downturns to acquire smaller energy companies, leveraging its strong balance sheet for long-term growth [6] - Plains All American is investing $300 million to $400 million into capital projects this year and has increased its distribution by 20%, yielding 7.5% [10][11] - Chevron targets a 6% compound annual growth in production through 2026 and over 10% average annual growth in free cash flow through 2027 at a Brent crude price of $60 per barrel [13][14]