
Oil has been a hot topic lately, ever since Saudi Arabia's move to extend its reduction of crude oil production by 1 million barrels per day is anticipated to further intensify the upward push on oil prices. Additionally, the increasing demand emanating from the electric power sector is set to drive expansion in the natural gas industry.
Given the backdrop, let's examine the fundamentals of energy stocks Exxon Mobil Corporation (XOM), Chevron Corporation (CVX), and Valero Energy Corporation (VLO) to understand which could be a better buy now.