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StockNews.com
StockNews.com
Business
Sristi Suman Jayaswal

3 Energy Stock Investments Beating Exxon Mobil (XOM)

XOM TTE MPC Oil Marathon Petroleum Corporation TotalEnergies SE Valero Energy Corporation VLO Petroleum France

The progressive increase in global oil and gas demand, in conjunction with tighter supplies, could maintain a lofty price level in the near term. Given the industry tailwinds, investors could consider adding fundamentally strong energy stocks, TotalEnergies SE (TTE), Marathon Petroleum Corporation (MPC), and Valero Energy Corporation (VLO), currently beating Exxon Mobil Corporation (XOM), to their portfolios.

Despite the macroeconomic and geopolitical pressures, the energy sector remained resilient. Global oil demand achieved a milestone in June 2023, and it continued to climb, with a 0.2 MMb/d month-over-month increase registered in August, reaching 101.4 MMb/d.

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