12 Best Large Cap Energy Stocks to Buy Now

Industry Overview - The S&P Energy index has increased by over 25% since the beginning of 2026, contrasting with a decline of over 3% in the overall S&P 500 during the same period [1] - The surge in energy stocks is attributed to global crude oil prices reaching multi-year highs, driven by supply disruptions due to the US-Iran war [2] - WTI crude oil futures are trading just below $100 per barrel, marking the highest level since the Russian invasion of Ukraine in 2022 [2] - The US-Iran conflict has resulted in a blockade of the Strait of Hormuz, affecting around 20% of global crude oil supply and forcing Gulf producers to cut output [2] Company Highlights Equinor ASA (NYSE:EQNR) - Equinor ASA has 20 hedge fund holders and is an international energy company based in Norway [7] - The company announced oil discoveries in the Troll area and gas and condensate in the Sleipner area, with estimated reserves of 4-8 million barrels of oil equivalent (boe) and 5-9 million boe respectively [8][9] - Equinor aims to grow its production by 3% in 2026, with a capital expenditure (CapEx) guidance of $13 billion for 2026 and $9 billion for 2027 [10] TotalEnergies SE (NYSE:TTE) - TotalEnergies SE has 26 hedge fund holders and is a global integrated energy company [11] - The company has shut down approximately 15% of its output in the Middle East due to the US-Iran war, affecting around 10% of its upstream cash flow [12][13] - Despite the output shutdown, the surge in global oil prices is expected to offset the losses, as TotalEnergies brings additional production online elsewhere [13]