Best Oil Stocks

The global crude oil market has been on a rollercoaster ride over the last year. Oil hit a 14-year high of $120 in the wake of Russia’s invasion of Ukraine, but since then prices have steadily fallen below $80 a barrel.
Big Oil benefitted handsomely from the surge. The five largest publicly traded oil companies combined to print nearly $200 billion of profits in 2022, and their stock prices surged accordingly. But choosing the best oil stock investments is more challenging now, with the boom firmly in the rearview mirror.
To help you identify the best oil stocks for your portfolio, Forbes Advisor has developed this list of steady performers that boast favorable performance metrics and strong balance sheets. The goal is to highlight those members of Big Oil that have the potential to deliver both cash flow and sustainable appreciation over the long term.