Published on 5 Apr 2024 on Motley Fool via Yahoo Finance
My Top Oil Dividend Stock to Buy in April (and It's Not Even Close)
There are many different ways of approaching an investment in oil and gas. But one of the simplest is to target a company in the upstream oil and gas sector, whether that's an exploration and production (E&P) company, oil-field services and equipment provider, or integrated major.
At a market cap just shy of $150 billion, ConocoPhillips (NYSE: COP) is the most valuable U.S.-based independent E&P. It's worth more than some integrated majors -- like BP -- and about half as much as Chevron.
Here's why ConocoPhillips is well positioned to thrive in the current price environment, and why it has what it takes to endure a downturn.