Despite the global push toward sustainability, the resilient oil and gas demand signifies a potential escalation in non-renewable resource consumption. Given this backdrop, it could be wise to add fundamentally robust energy stocks Baker Hughes Company (BKR), Sasol Limited (SSL), and CrossAmerica Partners LP (CAPL) to your portfolio now.
Nations worldwide have pledged to achieve net-zero emissions, intensifying the transition toward renewable energy. Yet, despite this notable shift toward cleaner energy alternatives, the global oil and gas demand is projected to remain strong. In 2024, the International Energy Agency (IEA) expects global oil demand to increase by 930,000 bpd.
