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Top 5 Oil Stocks To Own For 2023

Baker Hughes Company (BKR Quick QuoteBKR ) has entered into an agreement with state-owned South Gas Company for developing a new project in Iraq, according to the oil ministry.

The agreement is meant for capturing 200 million cubic feet per day of flared gas that will be utilized for generating power. Baker Hughes will be constructing modular gas processing plants that will be involved in processing associated gas from Nasiriyah and Gharaf oil fields, located in the southern Dhi Qar province.

Per World Bank, with the burning of 17.37 billion cubic meters of gas in 2020, Iraq....More>>>

Top 10 Oil Stocks For 2023

Shares of Magnolia Oil & Gas Corporation (MGY Quick QuoteMGY ) stock has shown no substantial movement since second-quarter 2021 earnings announcement on Aug 2. In fact, the firm’s shares failed to display an uptrend despite impressive bottom-line and top-line performances as well as an upbeat third-quarter production guidance, which indicates growth from the sequential quarter’s reported figure.

Delving Deeper

The company reported second-quarter adjusted net income per share of 56 cents, beating the Zacks Consensus Estimate of 37 cents. The bottom line reversed....More>>>

Top 10 Oil Stocks To Own For 2023

Obafemi Oredein

Special to Dow Jones Newswires

IBADAN, Nigeria–Nigerian President Muhammadu Buhari on Wednesday directed the immediate implementation of the frame work of the country’s new Petroleum Industry Act, setting up a steering committee to carry out the assignment.

Mr. Buhari said the minister of state for petroleum resources, Timipre Sylva, will head the committee, urging all ministries, departments and agencies to “adjust to the transition, designed to reposition the economy.”

Other members of the committee include Mele Kyari, group....More>>>

Best Oil Stocks To Invest In Right Now

FuelCell Energy (NASDAQ:FCEL) has been a public company for roughly three decades. However, it has yet to find its footing, marked by negative top-line, bottom-line, and cash flow growth. Since the beginning of the year, its performance has been abysmal, with poor operating results in the first half. The third quarter should be more of the same, which will put more pressure on FCEL stock.

Source: Kaca Skokanova/Shutterstock

FCEL stock has shed more than 45% of its value since the beginning of the year. Its torrid performance is linked to its litigations with Posco Energy and....More>>>

Top Oil Stocks To Watch For 2023

Chevron Corporation (CVX Quick QuoteCVX ) and renewable energy firm Gevo, Inc. have signed a letter of intent to jointly invest in the construction and operation of one or more new facilities to turn inedible corn into sustainable aviation fuel (SAF), thereby lowering the lifecycle carbon intensity of aviation fuels.

Proteins and corn oil will also be produced at the new plants. Chevron will have the right to offtake about 150 million gallons per year to market to customers besides co-investing with Gevo in one or more projects.

Energy companies are under immense pressure....More>>>