Get 40% Off
⚠ Earnings Alert! Which stocks are poised to surge?
See the stocks on our ProPicks radar. These strategies gained 19.7% year-to-date.
Unlock full list

EOG Resources vs. Occidental: Which Oil & Gas Stock is a Better Buy?

Published 05/28/2021, 10:26 AM
Updated 05/28/2021, 11:30 AM
© Reuters.  EOG Resources vs. Occidental: Which Oil & Gas Stock is a Better Buy?

With the economy reopening, the demand for oil and gas is heading back to normal levels. This has been a boon to the oil and gas industry and stocks such as EOG Resources (NYSE:EOG) and Occidental Petroleum Corporation (NYSE:OXY). Both companies stand to benefit from this trend, but which is a better buy right now? Read more to find out.Oil and gas stocks are garnering significant attention from investors around the world. The Colonial pipeline hack has ramped up oil demand and prices. The return to societal and economic normalcy certainly bodes well for the stock prices of publicly traded oil and gas companies.

As long as demand for oil and gas continues to rise as life returns to normal, the industry's top players stand to benefit. Even if sales of electric vehicles skyrocket in the years ahead, it will take more than a decade for the majority of the world's drivers to hang up the gas pump for good in favor of rechargeable batteries. In other words, the oil and gas industry might have an epic dead cat bounce in the year ahead.

If you are like most investors, you are not exactly sure which oil and gas stocks are deserving of your hard-earned investing dollars. Fret not, as I have identified two of the most intriguing stocks in this segment: EOG Resources (EOG) and Occidental Petroleum Corporation (OXY).

Continue reading on StockNews

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.