In this piece, I have evaluated two energy stocks, Phillips 66 (PSX) and Marathon Oil Corporation (MRO), to determine a better investment. I find PSX a better pick for the reasons explained throughout this article.
Despite the growing transition to renewable energy, oil and gas will continue to remain in demand due to the world’s rising energy demand. Geopolitical tensions in the Middle East, a resurgence of the Chinese economy, and production cuts by OPEC+ have supported oil prices this year.
