The oil industry is always evolving, and new technologies and practices are constantly emerging. This makes it difficult to predict which oil stocks will be the best performers in the coming year.

However, there are a few stocks that we believe will be worth watching in 2023.

ExxonMobil (XOM)

ExxonMobil is one of the largest oil companies in the world, and it’s always a stock to watch. The company is expected to continue its strong performance in 2023, thanks to its diverse portfolio of upstream, downstream, and chemical businesses.

Chevron (CVX)

Chevron is another massive oil company that’s worth watching in 2023. The company has been investing heavily in its upstream business in recent years, and that should pay off in the form of higher production and profits in the new year.

Royal Dutch Shell (RDS.A)

The oil and gas company known as Royal Dutch Shell is a British-Dutch multinational corporation. They are headquartered in The Hague, Netherlands, and have their primary listing on the London Stock Exchange. They are one of the largest companies in the world and are engaged in oil and gas exploration, production, and marketing.

BP

BP is one of the largest oil and gas companies in the world, and we believe that its stock will be a good performer in the coming year. The company has a strong portfolio of assets and is well-positioned to benefit from the continued growth in global demand for oil and gas.

Total (TOT)

Total (TOT) Petroleum is one of the world’s largest oil and gas companies, and it’s no surprise that its stocks are some of the most sought-after in the industry. Total (TOT) Petroleum’s stock is a safe bet for any investor looking for stability and growth in the oil and gas industry.

Marathon Petroleum (MPC)

Marathon Petroleum (MPC) is one of the best oil stocks to buy in 2023. The company has a strong refining business and a growing production business. It is also a leader in the midstream business, which is critical to the oil industry. The company has a strong balance sheet and is well-positioned to weather any storms that may come its way. MPC is a great long-term investment and is one of the best oil stocks to buy in 2023.

Andeavor (ANDV)

Andeavor is one of the best oil stocks of 2023. The company has a strong balance sheet, a diversified portfolio of assets, and a long history of operational excellence. Andeavor is a great investment for long-term growth.

Phillips 66 (PSX)

Phillips 66 (PSX) is an incredible oil stock to buy in 2023! They have a strong history of success and are poised for continued growth in the coming years. Their products are in high demand, and they have a solid reputation for quality. They offer investors a great opportunity to participate in the oil industry without a lot of risks.

Oil prices have plummeted lately, which a number of energy-focused companies have relied on to boost their financial performance. However, the volatility in oil prices may be causing big trouble for some small oil and gas companies.

Oil companies, on the other hand, have had an outstanding year as global oil prices have soared. Oil prices have more than doubled since the beginning of the year, reaching highs well above $80 per barrel, helping to boost a number of smaller oil and gas companies’ stock prices to new records along the way.

Leading up to 2023, crude oil production is expected to rise. This will increase the supply of oil and the price of oil. Global demand for oil is expected to rise, while supplies are expected to decrease. These trends are expected to lead to higher crude oil prices. As a result, we could see increased profits for oil stocks over the next few years. As a result, it’s a good idea for investors to consider investing in oil stocks.