Oil Is Up, These 3 Energy Stocks Are Set to Reward Investors
Chevron(CVX) The Motley Fool·2024-04-05 20:41
Higher oil prices could give these oil stocks more fuel to return cash to shareholders.Crude oil prices have been on fire this year. WTI, the primary U.S. oil price benchmark, has surged from around $70 a barrel at the start of the year to nearly $90 a barrel recently. Higher oil prices will be a boon for oil companies, which should produce a lot more free cash flow this year. The rising tide of higher oil prices should lift all boats in the oil patch. However, Chevron (CVX 0.57%), Devon Energy (DVN 1.39%), ...