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

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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.

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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.

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

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

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10 Best Oil Stocks

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

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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.

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

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Top Oil Stock #9: Kinder Morgan (KMI)

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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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