[ad_1] The post 7 Top Oil Stocks for 2021 appeared first on Millennial Money. The oil industry experienced significant setbacks in 2020 as the coronavirus pandemic brought the entire world to a standstill for months and essentially eliminated oil demand during that time. But with economies around the world opening back up, a surge of demand for petroleum products is bouncing back. The pandemic came as the oil industry was already undergoing significant transformations in order to figure out how their businesses will function in the wake of climate change. Additional hurdles came in mid-2021 when President Biden set a goal for half of all new cars sold in the United States in 2030 to be electric. But the massive size of the oil and gas industry—of which the drilling sector is worth more than $2 trillion alone—means these energy stocks won’t disappear overnight. Below I’ve compiled a list of some of the top oil stocks so investors can decide whether or not these companies are the right investments as these companies shift their focus to adapt to climate change demands. Now let’s take a closer look at some of the top oil stocks in the industry! Best Oil Stocks to Buy Now Here is a list of the best oil stocks to buy in 2021. Exxon Mobil Corporation ConocoPhillips Enbridge Inc. Phillips 66 Chevron Corporation PDC Energy, Inc. TotalEnergies SE Exxon Mobil Corporation (NYSE: XOM) ExxonMobil (NYSE:XOM) Price: $0 (as of close Aug 6, 2021) Market Cap: 244,953,950,377 document.addEventListener(“DOMContentLoaded”, function(event) { Highcharts.stockChart(“stockChart-d9afb58132a6958de2d7fe4409852819”,{rangeSelector:{selected:1},title:{text:”ExxonMobil (NYSE:XOM)Closing Stock Price”},subtitle: {text: “30-Day Historical Data”},navigator: { enabled: false },scrollbar: { enabled: false },credits: { enabled: false },xAxis: { type: “datetime”, labels: { formatter: function() { return Highcharts.dateFormat(“%m %d, %Y”, this.value); }}},colors: [“#118b4e”],rangeSelector : { enabled: false },series:[{name:”NYSE:XOM”,data:[[1625803200000,61.23],[1626062400000,61.17],[1626148800000,60.88],[1626235200000,59.53],[1626321600000,58.95],[1626408000000,57.32],[1626667200000,55.35],[1626753600000,55.96],[1626840000000,57.76],[1626926400000,57.11],[1627012800000,57.04],[1627272000000,58.48],[1627358400000,57.83],[1627444800000,58.22],[1627531200000,58.93],[1627617600000,57.57],[1627876800000,57.58],[1627963200000,58.2],[1628049600000,56.84],[1628136000000,57.2],[1628222400000,57.86],],tooltip:{valueDecimals:2,xDateFormat: “%A, %B %e, %Y”}}]}); }); As the largest publicly traded oil company, Exxon Mobil hardly needs an introduction. The oil giant has one of the most recognizable names in the oil industry and, like some of its peers, its huge size has allowed the company to adapt to volatile crude oil prices. For example, the company says that 90% of its upstream development capital expenditures have a cost-of-supply of $35 per Brent Crude barrel, making it easier for the company to make money as oil prices fluctuate. Additionally, Exxon Mobil says it will maintain its dividends and fund capital expenditure investments between 2022 and 2025 if Brent Crude prices are between $45 to $50. And while the company’s size helps it maintain a strong position in the oil industry, Exxon Mobil is also investing in other, more environmentally-friendly technologies. The company has invested more than $10 billion in lower-emission technologies over the past two decades and will invest an additional $3 billion by 2025. And most recently, Exxon Mobil pledged in mid-2021 to reach net-zero carbon emissions by 2050. ConocoPhillips (NYSE: COP) ConocoPhillips (NYSE:COP) Price: $0 (as of close Aug 6, 2021) Market Cap: 75,658,137,689 document.addEventListener(“DOMContentLoaded”, function(event) { Highcharts.stockChart(“stockChart-492f96060746e6dcdbf200a3635b85c6”,{rangeSelector:{selected:1},title:{text:”ConocoPhillips (NYSE:COP)Closing Stock Price”},subtitle: {text: “30-Day Historical Data”},navigator: { enabled: false },scrollbar: { enabled: false },credits: { enabled: false },xAxis: { type: “datetime”, labels: { formatter: function() { return Highcharts.dateFormat(“%m %d, %Y”, this.value); }}},colors: [“#118b4e”],rangeSelector : { enabled: false },series:[{name:”NYSE:COP”,data:[[1625803200000,60.13],[1626062400000,59.8],[1626148800000,59.46],[1626235200000,57.67],[1626321600000,57.08],[1626408000000,55.5],[1626667200000,53.7],[1626753600000,54.47],[1626840000000,57.02],[1626926400000,56.67],[1627012800000,55.34],[1627272000000,56.87],[1627358400000,56.33],[1627444800000,56.72],[1627531200000,57.08],[1627617600000,56.06],[1627876800000,55.38],[1627963200000,56.64],[1628049600000,54.93],[1628136000000,55.95],[1628222400000,56.5],],tooltip:{valueDecimals:2,xDateFormat: “%A, %B %e, %Y”}}]}); }); ConocoPhillips claims to be the world’s largest independent exploration and production (E&P) company based on its production and proved reserves. And it has a lot of reasons to boast of such claims. ConocoPhillips operates in more than 15 countries across the globe, utilizing more than 10,000 employees to explore and produce crude oil and natural gas. Because ConocoPhillips has so much production all across the world, it’s easier for the company to remain profitable even when the benchmark price of oil drops. That’s helped the company maintain a strong balance sheet in the past. Investors interested in buying the company’s shares should pay particularly close attention to the company’s Alaskan operations, which account for a significant amount of the company’s oil production. Pick Like A Pro Where to invest $500 right now Lots of new investors take chances on long shots instead of buying shares of great companies. I prefer businesses like Amazon, Netflix, and Apple — they’re all on my best stocks for beginners list. There’s a company that “called” these businesses long before they hit it big. They first recommended Netflix in 2004 at $1.85 per share, Amazon in 2002 at $15.31 per share, and Apple back in the iPod Shuffle era at $4.97 per share. Take a look where they are now. That company: The Motley Fool. For people ready to make investing part of their strategy for financial freedom, take a look at The Motley Fool’s flagship investing service, Stock Advisor. They just announced their top 10 “best buys now” across the entire stock market. Whether you’re starting with $100, $500, or more, you should check out the full details. Click here to learn more Enbridge Inc. (NYSE: ENB) Enbridge (NYSE:ENB) Price: $0 (as of close Aug 6, 2021) Market Cap: 80,113,746,730 document.addEventListener(“DOMContentLoaded”, function(event) { Highcharts.stockChart(“stockChart-8f2a9538afd1f543faf038b9f4a8673e”,{rangeSelector:{selected:1},title:{text:”Enbridge (NYSE:ENB)Closing Stock Price”},subtitle: {text: “30-Day Historical Data”},navigator: { enabled: false },scrollbar: { enabled: false },credits: { enabled: false },xAxis: { type: “datetime”, labels: { formatter: function() { return Highcharts.dateFormat(“%m %d, %Y”, this.value); }}},colors: [“#118b4e”],rangeSelector : { enabled: false },series:[{name:”NYSE:ENB”,data:[[1625803200000,40.25],[1626062400000,40.15],[1626148800000,39.9],[1626235200000,39.54],[1626321600000,39.21],[1626408000000,39.08],[1626667200000,37.8],[1626753600000,37.94],[1626840000000,38.6],[1626926400000,38.68],[1627012800000,38.81],[1627272000000,38.9],[1627358400000,38.98],[1627444800000,39.34],[1627531200000,39.63],[1627617600000,39.35],[1627876800000,39.07],[1627963200000,39.47],[1628049600000,39.18],[1628136000000,39.51],[1628222400000,39.54],],tooltip:{valueDecimals:2,xDateFormat: “%A, %B %e, %Y”}}]}); }); Enbridge is a large energy infrastructure company that operates oil and gas pipelines throughout the United States, along with natural gas storage, and even some wind farms. The company says it moves about 25% of all crude oil produced in North America and transports nearly 20% of all natural gas consumed in the United States. One of the things that makes Enbridge unique as an oil stock is that the company’s financial stability isn’t as tied to crude oil prices as many other oil stocks. That’s because Enbridge’s pipeline contracts involve fees that are set despite fluctuations in oil prices. That helped Enbridge weather a very tumultuous 2020 in which the company’s discounted cash flow per share of $4.67 exceeded