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15 top oil stocks to buy in 2024

Ready to invest in the oil and gas industry? Learn how to invest in oil stocks in just a few steps.

The best oil stocks depend on your portfolio and investment goals — while volatility can be ideal for day traders, long-term investors will want to look to stocks with steadier gains over time.

The top oil and gas stocks included on this page all trade on the S&P 500, have an analyst recommendation of "Buy" or better and are sorted by year-to-date performance.

  1. Nabors Industries (NBR)
  2. Helmerich and Payne (HP)
  3. Valvoline (VVV)
  4. Chevron (CVX)
  5. N/A (N/A)
  6. Shell (RDS-B)
  7. Cheniere Energy (LNG)
  8. Kinder Morgan (KMI)
  9. Patterson-UTI Energy (PTEN)
  10. Precision Drilling Corporation (PDS)
  11. Transocean (RIG)
  12. Borr Drilling (BORR)
  13. Ensco Rowan (VALPQ)
  14. Exxon Mobil (XOM)
  15. BP (BP)

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Take a deeper dive into oil stocks

If you're interested in investing in the oil and gas industry, take a closer look at what companies in this industry do and how the stocks have historically performed. Keep in mind that positive past performance doesn't guarantee that a stock will continue to rise in the future.

1. Nabors Industries (NBR)

Nabors Industries Ltd. provides drilling and drilling-related services for land-based and offshore oil and natural gas wells in the United States and internationally. The company operates through four segments: U. S.

Nabors Industries stock opened the day at $63.39 after a previous close of $62.61. The latest price was $64.12 (25-minute delay). Nabors Industries is listed on the NYSE, has a trailing 12-month revenue of around USD2.9 billion and employs 12,000 staff.

  • Market capitalization: $648,255,808
  • PEG ratio: -0.68
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2. Helmerich and Payne (HP)

Helmerich & Payne, Inc. , together with its subsidiaries, provides drilling services and solutions for exploration and production companies. The company operates through North America Solutions, Offshore Gulf of Mexico, and International Solutions segments.

Helmerich and Payne stock opened the day at $30.37 after a previous close of $29.85. The latest price was $30.78 (25-minute delay). Helmerich and Payne is listed on the NYSE, has a trailing 12-month revenue of around USD$2.7 billion and employs 7,100 staff.

  • Market capitalization: $2,996,238,848
  • P/E ratio: 8.8198
  • PEG ratio: 5.4398
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3. Valvoline (VVV)

Valvoline Inc. engages in the operation and franchising of vehicle service centers and retail stores in the United States and Canada. The company, through its service centers, provides fluid exchange for motor oil, transmission and differential fluid, and coolant; parts replacement for batteries, filters, wiper blades, and belts; and safety services, such as tire inflation and rotation, bulbs, and safety checks.

Valvoline stock opened the day at $40.87 after a previous close of $40.69. The latest price was $40.71 (25-minute delay). Valvoline is listed on the NYSE, has a trailing 12-month revenue of around USD$1.6 billion and employs 9,600 staff.

  • Market capitalization: $5,025,774,080
  • P/E ratio: 26.7123
  • PEG ratio: 1.1037
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4. Chevron (CVX)

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. The Upstream segment is involved in the exploration, development, production, and transportation of crude oil and natural gas; processing, liquefaction, transportation, and regasification of liquefied natural gas; transportation of crude oil through pipelines; transportation, storage, and marketing of natural gas; and carbon capture and storage, as well as a gas-to-liquids plant.

Chevron stock opened the day at $141.69 after a previous close of $140.61. The latest price was $141.30 (25-minute delay). Chevron is listed on the NYSE, has a trailing 12-month revenue of around USD$195.2 billion and employs 45,600 staff.

  • Market capitalization: $255,171,985,408
  • P/E ratio: 13.9218
  • PEG ratio: 2.6375
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5. N/A (N/A)

N/A. . . . . . .

N/A is listed on the N/A. All prices are listed in N/A.

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    6. Shell (RDS-B)

    Shell plc operates as an energy and petrochemical company worldwide. The company operates through Integrated Gas, Upstream, Oil Products, Chemicals segments. It explores for and extracts crude oil, natural gas, and natural gas liquids; markets and transports oil and gas; produces gas-to-liquids fuels and other products; and operates upstream and midstream infrastructure necessary to deliver gas to market.

    Shell is listed on the NYSE, has a trailing 12-month revenue of around USDN/A220.2 billion and employs 87,000 staff.

    • Market capitalization: $195,502,096,384
    • P/E ratio: 42.9798
    • PEG ratio: 1.4071
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    7. Cheniere Energy (LNG)

    Cheniere Energy, Inc. , an energy infrastructure company, primarily engages in the liquefied natural gas (LNG) related businesses in the United States. It owns and operates the Sabine Pass LNG terminal in Cameron Parish, Louisiana; and the Corpus Christi LNG terminal near Corpus Christi, Texas.

    Cheniere Energy stock opened the day at $180.25 after a previous close of $179.05. The latest price was $182.11 (25-minute delay). Cheniere Energy is listed on the NYSE MKT, has a trailing 12-month revenue of around USD$16 billion and employs 1,605 staff.

    • Market capitalization: $40,387,469,312
    • P/E ratio: 9.4539
    • PEG ratio: 0.6028
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    8. Kinder Morgan (KMI)

    Kinder Morgan, Inc. operates as an energy infrastructure company primarily in North America. The company operates through Natural Gas Pipelines, Products Pipelines, Terminals, and CO2 segments.

    Kinder Morgan stock opened the day at $21.35 after a previous close of $21.14. The latest price was $21.49 (25-minute delay). Kinder Morgan is listed on the NYSE, has a trailing 12-month revenue of around USD$15.4 billion and employs 10,891 staff.

    • Market capitalization: $46,875,000,832
    • P/E ratio: 19.3761
    • PEG ratio: 1.5132
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    9. Patterson-UTI Energy (PTEN)

    Patterson-UTI Energy, Inc. , through its subsidiaries, engages in the provision of contract drilling services to oil and natural gas operators in the United States and internationally. It operates through three segments: Drilling Services, Completion Services, and Drilling Products.

    Patterson-UTI Energy stock opened the day at $8.03 after a previous close of $7.91. The latest price was $8.06 (25-minute delay). Patterson-UTI Energy is listed on the NASDAQ, has a trailing 12-month revenue of around USD$5.5 billion and employs 10,600 staff.

    • Market capitalization: $3,195,496,448
    • P/E ratio: 54.2
    • PEG ratio: 0.7501
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    10. Precision Drilling Corporation (PDS)

    Precision Drilling Corporation, a drilling company, provides onshore drilling, completion, and production services to exploration and production companies in the oil and natural gas and geothermal industries in North America and the Middle East. The company operates through Contract Drilling Services and Completion and Production Services segments. The Contract Drilling Services segment offers onshore well drilling services to exploration and production companies in the geothermal, oil and natural gas industry.

    Precision Drilling Corporation stock opened the day at $64.83 after a previous close of $63.46. The latest price was $64.36 (25-minute delay). Precision Drilling Corporation is listed on the NYSE, has a trailing 12-month revenue of around USD$1.9 billion and employs 5,000 staff.

    • Market capitalization: $937,396,928
    • P/E ratio: 5.5844
    • PEG ratio: 0.4
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    11. Transocean (RIG)

    Transocean Ltd. , together with its subsidiaries, provides offshore contract drilling services for oil and gas wells worldwide. It contracts mobile offshore drilling rigs, related equipment, and work crews to drill oil and gas wells.

    Transocean stock opened the day at $4.16 after a previous close of $4.13. The latest price was $4.39 (25-minute delay). Transocean is listed on the NYSE, has a trailing 12-month revenue of around USD$3.1 billion and employs 5,430 staff.

    • Market capitalization: $3,641,955,072
    • PEG ratio: -22.91
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    12. Borr Drilling (BORR)

    Borr Drilling Limited operates as an offshore shallow-water drilling contractor to the oil and gas industry worldwide. The company owns, contracts, and operates jack-up drilling rigs for operations in shallow-water areas, including the provision of related equipment and work crews to conduct oil and gas drilling and workover operations for exploration and production. It serves oil and gas exploration and production companies, such as integrated oil companies, state-owned national oil companies, and independent oil and gas companies.

    Borr Drilling stock opened the day at $5.55 after a previous close of $5.48. The latest price was $5.54 (25-minute delay). Borr Drilling is listed on the NYSE, has a trailing 12-month revenue of around USD$918 million and employs 1,884 staff.

    • Market capitalization: $1,381,801,984
    • P/E ratio: 17.9667
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    13. Ensco Rowan (VALPQ)

    Valaris plc provides offshore contract drilling services in various water depths to oil and gas industry worldwide. The company operates through four segments: Floaters, Jackups, ARO, and Other. As of December 31, 2020, it owned and operated 11 drillships, 4 dynamically positioned semisubmersible rigs, 1 moored semisubmersible rig, 45 jackup rigs, and 7 ARO rigs, as well as 2 rigs under construction.

    Ensco Rowan is listed on the PINK, has a trailing 12-month revenue of around USD$1.4 billion and employs 4,500 staff.

    • Market capitalization: $13,577,153
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    14. Exxon Mobil (XOM)

    Exxon Mobil Corporation engages in the exploration and production of crude oil and natural gas in the United States and internationally. It operates through Upstream, Energy Products, Chemical Products, and Specialty Products segments. The Upstream segment explores for and produces crude oil and natural gas.

    Exxon Mobil stock opened the day at $112.05 after a previous close of $111.15. The latest price was $112.29 (25-minute delay). Exxon Mobil is listed on the NYSE, has a trailing 12-month revenue of around USD$345.1 billion and employs 62,000 staff.

    • Market capitalization: $493,820,542,976
    • P/E ratio: 13.2955
    • PEG ratio: 5.2775
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    15. BP (BP)

    BP p. l. c. provides carbon products and services.

    BP stock opened the day at 402.60p after a previous close of 404.20p. The latest price was 406.15p (25-minute delay). BP is listed on the London Stock Exchange (LSE), has a trailing 12-month revenue of around $199.8 billion and employs 87,800 staff. All prices are listed in pence sterling.

    • Market capitalization: $65,998,180,352
    • P/E ratio: 12.2485
    • PEG ratio: 13.6434
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    How to invest in oil stocks

    1. Choose an online stock trading platform. Choose from our Top Picks above, use our comparison table below or jump straight to the best stock trading apps of 2024.
    2. Sign up for an account. Provide your personal information and sign up.
    3. Set up a funding method to pay for the transaction. Deposit funds into your account by linking your banking information.
    4. Choose the stocks you want to buy. Search for the stock by name or ticker symbol like NBR or HP.
    5. Place your order. Buy the stock. It's that simple.

    Paid non-client promotion. Finder does not invest money with providers on this page. If a brand is a referral partner, we're paid when you click or tap through to, open an account with or provide your contact information to the provider. Partnerships are not a recommendation for you to invest with any one company. Learn more about how we make money.

    Finder is not an advisor or brokerage service. Information on this page is for educational purposes only and not a recommendation to invest with any one company, trade specific stocks or fund specific investments. All editorial opinions are our own.

    Bottom line

    While it’s possible to turn a profit investing in oil stocks, keep in mind that — like any investment — oil stocks are not immune to risk. These stocks are subject to fluctuating conditions — both in the market and in the oil and gas industry, so carefully vet your picks before you invest. And if you’re new to investing, or if it’s been awhile since you’ve taken a critical look at your investing accounts, compare brokers to make sure you’re getting the best features in your trading account.

    Paid non-client promotion. Finder does not invest money with providers on this page. If a brand is a referral partner, we're paid when you click or tap through to, open an account with or provide your contact information to the provider. Partnerships are not a recommendation for you to invest with any one company. Learn more about how we make money.

    Finder is not an advisor or brokerage service. Information on this page is for educational purposes only and not a recommendation to invest with any one company, trade specific stocks or fund specific investments. All editorial opinions are our own.

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