Are oil stocks on the backfoot this year?

Oil prices have been roughly cut in half from their 2022 highs around $120 a barrel. Thanks to falling crude prices, oil stocks are on the backfoot this year. The best oil stocks have been caught up in the volatility, but their more modest declines illustrate the long-term staying power unmatched by more fashionable energy plays.

What is beyond oil?

Beyond Oil is a food-tech innovative company that has developed a unique patented breakthrough solution to eliminate Free Fatty Acids (FFA) from oils through a green and cost effective process.

What happened to oil stocks during the bear market of 2022?

Oil stocks were some of the few shining stars during the bear market of 2022. Inflation took its toll on consumer spending and business sentiment, but it did wonders for the price of crude oil. Aided by Russia’s invasion of Ukraine, oil stocks saw robust gains even as the S&P 500 index lost approximately 20% on the year.

What are the top oil stocks?

Five top ones are: Data source: Company websites. A global E&P company. A U.S.-focused E&P company. A Canadian energy infrastructure giant. A large-scale, integrated oil supermajor. A leading refining company with midstream, chemical, and distribution operations. Here’s a closer look at these top oil stocks. 1. ConocoPhillips