Best oil stocks in the US

Want to invest in US oil and gas? Here are the 5 best oil stocks trading on the NYSE and Nasdaq.

Looking to invest in the US oil and natural gas industry? We’ve put together a list of the best oil stocks on the NYSE and Nasdaq based on performance, price, profit, revenue and dividends.

What you should know before buying oil stocks

This list of the best oil and gas stocks in the US is meant to help you conduct your own research in finding the best oil stocks to buy right now. It is not investment advice. No single oil stock or list of stocks will suit all investors, and we all have different goals and needs. Always remember that past performance does not guarantee future results.

Best oil and gas stocks in the US in 2024


Ecopetrol SA ADR (EC.NYSE)

Ecopetrol S.A. operates as an integrated energy company.
  • Market cap: $16.431 billion
  • YTD performance: -42.27%
  • 1 Year performance: 2.73%
  • 5 Year performance: 12.36%
  • P/E Ratio: 3.9792
  • Headquarters: USA

Buy on Interactive Brokers

Continental Resources Inc (CLR.NYSE)

Continental Resources, Inc. explores for, develops, produces, and manages crude oil, natural gas, and related products primarily in the north, south, and east regions of the United States.
  • Market cap: $26.962 billion
  • P/E Ratio: 7.5554
  • Headquarters: USA

Buy on Interactive Brokers

Chevron Corp (CVX.NYSE)

Chevron Corporation, through its subsidiaries, engages in the integrated energy and chemicals operations in the United States and internationally. The company operates in two segments, Upstream and Downstream.
  • Market cap: $256.884 billion
  • YTD performance: 68.06%
  • 1 Year performance: 3.54%
  • 5 Year performance: 158.96%
  • P/E Ratio: 15.8156
  • Headquarters: USA

Buy on Interactive Brokers

Canadian Natural Resources Ltd (CNQ.NYSE)

Canadian Natural Resources Limited acquires, explores for, develops, produces, markets, and sells crude oil, natural gas, and natural gas liquids (NGLs). The company offers light and medium crude oil, primary heavy crude oil, Pelican Lake heavy crude oil, bitumen (thermal oil), and synthetic crude oil (SCO).
  • Market cap: $63.084 billion
  • YTD performance: 21.1%
  • 1 Year performance: 2.6%
  • 5 Year performance: 275.19%
  • P/E Ratio: 12.0243
  • Headquarters: USA

Buy on Interactive Brokers

Devon Energy Corporation (DVN.NYSE)

Devon Energy Corporation, an independent energy company, engages in the exploration, development, and production of oil, natural gas, and natural gas liquids in the United States. It operates in Delaware, Eagle Ford, Anadarko, Williston, and Powder River Basins.
  • Market cap: $20.43 billion
  • YTD performance: 93.69%
  • 1 Year performance: 1.78%
  • 5 Year performance: 462.44%
  • P/E Ratio: 5.7593
  • Headquarters: USA

Buy on Interactive Brokers

How did we pick the best US oil stocks?

We used Finder’s proprietary algorithm to identify the best US oil stocks listed on the Nasdaq and NYSE based on price, performance, profit, revenue and dividends. Our fundamental analysis filters stocks by taking into account historical prices, dividends, revenue growth, (low) price volatility and profit margins.

To avoid smaller, more speculative oil and gas stocks, we only include companies with a market cap of more than USD $1 billion. In order to better compare historical data, we filtered out oil stocks that have been listed for less than 5 years.

We do not guarantee the performance or returns of any investment. Our methodology might filter out some good stocks, so our decision to include or exclude a stock from this list does not indicate whether it’s a good or bad investment. For more info about our algorithm, check out our stock ranking page.

The algorithm was last updated 27 January 2022. This list and data was compiled April 5, 2022.

Buy US oil and gas stocks through an online broker

To invest in oil and gas stocks, you’ll need a brokerage account. Compare online stock trading platforms below and click “Go to site” to get started.

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Product CAFST Finder Score Available Asset Types Account Types Stock Trading Fee Account Fee Offer
Finder Score
Stocks, Bonds, Options, Index Funds, ETFs, Currencies, Futures
RRSP, TFSA, Personal, Joint
min $1.00, max 0.5%
$0
Finder Score
Stocks, Bonds, Options, Mutual Funds, ETFs, GICs, Precious Metals, IPOs
RRSP, RESP, RRIF, TFSA, Personal, Joint
$6.95
$0 if conditions met, or $100
Get 100 free trades when you open a CIBC Investor’s Edge account using promo code EDGE2425. Plus, get $200 or more cash back. Valid until March 31, 2025.
Finder Score
Stocks, Options, ETFs
RRSP, TFSA, Personal
$0.014/stock
$0
Enjoy a 6% cash rebate, plus $2,200 in trading perks.
Finder Score
Stocks, Bonds, Options, Mutual Funds, ETFs, GICs, Precious Metals, IPOs
RRSP, RESP, RRIF, TFSA, Personal, Joint, Business
$6.95 - $9.95
$0 if conditions met, otherwise $25/quarter
Finder Score
Stocks, Bonds, Options, Mutual Funds, ETFs, Forex, GICs, Precious Metals, IPOs
RRSP, RESP, RRIF, TFSA, Personal
$4.95 - $9.95
$0
Finder Score
Stocks, Bonds, Options, Mutual Funds, ETFs, GICs
RRSP, RESP, RRIF, TFSA, Personal, Joint
$6.95 - $8.75
$0 if conditions met, otherwise $25/quarter
Get 1% cashback or more, a $150 sign-up bonus & unlimited free trades until April 30th, 2025.
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Finder Score for stock trading platforms

To make comparing even easier we came up with the Finder Score. Trading costs, account fees and features across 10+ stock trading platforms and apps are all weighted and scaled to produce a score out of 10. The higher the score the better the platform - simple.

Read the full methodology

Disclaimer: This information should not be interpreted as an endorsement of futures, stocks, ETFs, options or any specific provider, service or offering. It should not be relied upon as investment advice or construed as providing recommendations of any kind. Futures, stocks, ETFs and options trading involves substantial risk of loss and therefore are not appropriate for all investors. Trading forex on leverage comes with a higher risk of losing money rapidly. Past performance is not an indication of future results. Consider your own circumstances, and obtain your own advice, before making any trades.

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Publisher

Mackenzie Domazet is a Senior SEO Strategist at Forbes Advisor and former investments publisher at Finder. She has worked at one of Canada’s largest financial institutions, as well as one of the country's fastest growing fintech companies. She also films videos for the Investment Finder YouTube channel, where she explains financial concepts, reviews trading platforms and more. An active growth investor, Mackenzie has been investing on her own since she was 18. She has a bachelor’s degree in business and is an avid runner and reader. See full bio

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