Growing demand worldwide, accompanied with OPEC+ output cuts expected to keep supplies tight will likely drive oil and gas prices higher, positioning the energy sector for significant growth this year. Thus, robust energy stocks Exxon Mobil Corporation (XOM), Shell plc (SHEL), and Baker Hughes Company (BKR), witnessing strong momentum, could be ideal watchlist additions.
Before delving deeper into the fundamentals of these stocks, let’s discuss what’s shaping the energy sector’s outlook.
