3 Top Energy Stocks to Buy Amid Market Downturn
Energy stocks face headwinds as crude oil prices retreat on softening demand and OPEC supply increases. Yet long-term fundamentals remain compelling, with global energy consumption poised for sustained growth.
TotalEnergies (TTE) distinguishes itself among integrated majors through its deliberate electricity pivot. Unlike European peers retreating from renewables, the French firm derives 10% of operating income from power generation - a segment posting 17% annual growth in 2024. Its solar investments and clean energy commitments appear strategic rather than performative.
Chevron (CVX) and Energy Transfer (ET) round out the selection, offering value plays with divergent risk profiles. The sector's current undervaluation presents contrarian opportunities as the world navigates the messy transition between legacy hydrocarbons and emerging alternatives.