Wealthy Living

10 Best Oil Stocks You Should Check Now: 2022 Oil Stocks List

Oil prices are on the rise, for a number of reasons. Inflation has spiked, while the U.S. economy continues to recover at an aggressive pace from the coronavirus pandemic.

As a result, oil prices are up across the board. West Texas Intermediate (WTI) crude is near $80 per barrel, up from the mid-$40 range at this point last year. Brent crude has had a similar increase, and now trades at $82 per barrel.

Naturally, investors might be wondering if now is the time to buy oil stocks.

To come up with the top 10, we ranked oil stocks according to expected total returns over the next five years.

10 Best Oil Stocks

Top Oil Stock #10: Imperial Oil Ltd. (IMO)

Imperial Oil is one of Canada’s largest integrated oil businesses. The company operates through three reporting segments: Upstream, Downstream, and Chemical. Imperial Oil is headquartered in Calgary, Alberta, Canada.

The company should benefit from a sustained rally in oil prices.

Top Oil Stock #9: Kinder Morgan (KMI)

The company is among the largest energy companies in the U.S. It is engaged in storage and transportation of oil and gas, and other products.

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