Winter is coming: The 'best country in the world' is planning to ban electric cars amid the energy crisis. Is it time to revisit oil stocks? Here are 3 big plays – Yahoo Finance

Electric vehicles have become popular over the past few years. But EVs could take a significant hit based on what’s happening in Switzerland.
According to a report in the Telegraph on Saturday, the country is considering emergency measures in case of an electricity supply shortage this winter.
Switzerland — the best country in the world according to a recent analysis from US News & World Report — could shorten store operating hours, lower the thermostats at buildings, and limit the private use of electric cars to “absolutely necessary journeys.”
These proposed measures haven’t been passed into law just yet. But they serve as a reminder that electricity doesn’t magically appear at every wall outlet — and EVs don't run on fairy dust.
Despite the increasing focus on ESG investing, traditional energy is not dead. The Energy Select Sector SPDR Fund (XLE) — which provides exposure to oil and gas companies — is actually up 52% year to date.
Moreover, Wall Street sees further upside in quite a few companies engaged in hydrocarbon exploration. Here’s a look at three of them.
'Hold onto your money': Jeff Bezos issued a financial warning, says you might want to rethink buying a 'new automobile, refrigerator, or whatever' — here are 3 better recession-proof buys
The US dollar has lost 98% of its purchasing power since 1971 — protect your retirement nest egg with this stable alternative
Over 65% of Americans don't shop around for a better car insurance deal — and that could be costing you $500 a month
Headquartered in London, Shell (NYSE:SHEL) is a multinational energy giant with operations in more than 70 countries. It produces around 3.2 barrels of oil equivalent per day, has an interest in 10 refineries, and sold 64.2 million tons of liquefied natural gas last year.
It’s a staple for global investors, too. Shell is listed on the London Stock Exchange, Euronext Amsterdam, and the New York Stock Exchange.
The company’s NYSE-listed shares are up 28% year to date.
Piper Sandler analyst Ryan Todd sees an opportunity in the oil and gas supermajor. Last month, the analyst reiterated an ‘overweight’ rating on Shell while raising his price target from $65 to $71.
Considering that Shell trades at around $57 per share today, Todd’s new price target implies a potential upside of 25%.
Chevron (NYSE:CVX) is another oil and gas supermajor that’s benefiting from the commodity boom.
For Q3, the company reported earnings of $11.2 billion, which represented an 84% increase from the same period last year. Sales and other operating revenues totaled $64 billion for the quarter, up 49% year over year.
Read more: Rich young Americans have lost confidence in the stock market — and are betting on these assets instead. Get in now for strong long-term tailwinds
In January, Chevron’s board approved a 6% increase to the quarterly dividend rate to $1.42 per share. That gives the company an annual dividend yield of 3.2%.
The stock has enjoyed a nice rally too, climbing 46% in 2022.
Morgan Stanley analyst Devin McDermott has an ‘equal weight’ rating on Chevron (not the most bullish rating) but raised the price target from $193 to $196 in October. That implies a potential upside of 12% from the current levels.
Commanding a market cap of over $430 billion, Exxon Mobil (NYSE:XOM) is bigger than Shell and Chevron.
The company also boasts the strongest stock price performance among the three in 2022 — Exxon shares are up 67% year to date.
It’s not hard to see why investors like the stock: the oil-producing giant gushes profits and cash flow in this commodity price environment. In the first nine months of 2022, Exxon earned $43.0 billion in profits, a huge increase from the $14.2 billion in the year-ago period. Free cash flow totaled $49.8 billion for the first nine months, compared to $22.9 billion in the same period last year.
Solid financials allow the company to return cash to investors. Exxon pays quarterly dividends of 91 cents per share, translating to an annual yield of 3.4%.
Jefferies analyst Lloyd Byrne has a ‘buy’ rating on Exxon and a price target of $133 — around 25% above where the stock sits today.
You could be the landlord of Walmart, Whole Foods and Kroger (and collect fat grocery store-anchored income on a quarterly basis)
Mitt Romney says a billionaire tax will trigger heavy demand for this physical asset — get in now before the super-rich swarm
Americans are paying nearly 40% more on home insurance compared to 12 years ago — here's how to spend less on peace of mind
This article provides information only and should not be construed as advice. It is provided without warranty of any kind.
Related Quotes
“For many workers, a job not only offers financial security, it also affirms their status, which is tied to their position relative to their age peers and many social outcomes."
Is it time to bet on a turnaround?
The 32-year-old actress recalls being asked how much weight she would lose for the role.
The Violent Night actress tells PEOPLE she fell in love with Al Pacino when she was still wed to her husband, Italian duke Lorenzo Saviati, who encouraged her to be with the Oscar-winning actor
Earlier this year, in May, claims were made that Microsoft Corp co-founder Bill Gates owned the majority of America’s farmland. While that is false, with the billionaire amassing nearly 270,000 acres of farmland across the country, compared to 900 million total farm acres, a different billionaire privately owns 2.2 million acres, making him the largest landowner in the U.S. John Malone, the former CEO of Tele-Communications Inc., which AT&T Inc. purchased for more than $50 billion in 1999, has a
For years, we’ve been reporting on unconstitutional traffic stops by police. They suck, and yet, they keep happening. Recently, Forbes published a great article highlighting this exact issue, and while it’s a great read, it’s also pretty depressing. The way the incentive system is currently set up, law enforcement officers stand to gain a lot more than they might lose for conducting what amount to glorified fishing operations — even though the practice is a wholesale violation of rights guarante
Yahoo Finance Live's Seana Smith breaks down the stocks trending in the after-hours trading session.
After falling for much of the week, the major stock market indexes were gaining ground early Thursday as investors digested the latest unemployment numbers. Last week's initial jobless claims suggest the Federal Reserve's campaign to combat inflation may finally be bearing fruit. Investors used that positive development as an excuse to buy up their favorite beaten-down tech stocks.
Shares of Summit Therapeutics (NASDAQ: SMMT) were skyrocketing 371.8% higher this week as of the market close on Thursday, according to data provided by S&P Global Market Intelligence. This huge gain came after the company announced on Tuesday that it's licensing bispecific antibody ivonescimab from Chinese drugmaker Akeso. Akeso will retain the rights to market the therapy throughout the rest of the world, including China.
Investors searching for that feeling telling you market sentiment is shifting to a more positive outlook have been brought down to earth again. Following 2022’s market behavior to a tee, the recent rally has run into a brick wall. To wit, the S&P 500 notched 5 consecutive negative sessions over the last week with investors mulling over the prospect of a recession. Indeed, financial experts have been sounding the warning bells on the precarious state of the global economy. One of the doomsayers h
ARK ETF Founder Cathie Wood joins Yahoo Finance Live for a wide-ranging interview on the state of the crypto market, Elon Musk, Fed policy, Teladoc, and more.
Buy and hold forever? Not always.
In this article, we will discuss the 14 Best Marijuana Stocks To Buy Now. You can skip our detailed industry analysis and go directly to the 5 Best Marijuana Stocks To Buy Now. The cannabis industry is expected to undergo rapid changes in the coming years. One reason is the increasing awareness of the health benefits […]
In this article, we will discuss the 15 best electric car stocks to buy now. If you want to explore similar stocks, you can also take a look at 5 Best Electric Car Stocks To Buy Now. The Electric Car Industry: An Analysis Electric car stocks are increasingly becoming a popular investment option as the […]
L1 Capital International, an investment management company, released its “L1 Capital International Fund” third-quarter 2022 investor letter. A copy of the same can be downloaded here. The fund returned -0.4% net of fees in the third quarter compared to a 0.3% return for the MSCI World Net Total Return Index in AUD. The depreciation of Australian […]
In the latest trading session, Bank of America (BAC) closed at $32.44, marking a -0.92% move from the previous day.
The market rally ended a losing streak, but the S&P 500 is below key levels. Nvidia jumped, but 5 chip-gear makers are near buy points.
(Bloomberg) — While Elon Musk is busy overhauling newly acquired Twitter Inc., Tesla Inc. is facing increasingly urgent issues and testing the faith of some of its chief executive’s biggest fans.Most Read from BloombergPutin Calls Russian Nukes Deterrent Factor, Says War Risk RisingWNBA Star Griner Freed in One-for-One Swap for Arms DealerElon Musk’s Bankers Consider Tesla Margin Loans to Cut Risky Twitter DebtPeru’s President Accused of Coup After Move to Dissolve CongressThe Federal Reserve I
Yahoo Finance's Jared Blikre highlights which stocks are making moves at the end of the trading session on Thursday.
Recently, Zacks.com users have been paying close attention to Enterprise Products (EPD). This makes it worthwhile to examine what the stock has in store.

source

Leave a Comment

%d bloggers like this: