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7 Big Oil Stocks Transitioning to Big Energy

johnNjohnN
in The Bullpen
https://money.usnews.com/investing/stock-market-news/slideshows/big-oil-stocks-transitioning-to-big-energy?src=usn_invested_nl

TODAY'S BIG IDEA
7 Big Oil Stocks Transitioning to Big Energy
Oil stocks have underperformed in recent years as investors have started looking to a future powered by alternative energy. However, the Bank of America team says the “Big Oil” industry has the resources and motivation to invest in transitioning to “Big Energy” over time.

Here are seven oil stocks to buy with the chance to transition to “Big Energy.”

1. China Petroleum & Chemical (ticker: SNP). China Petroleum & Chemical is well-positioned to capitalize on strong refining margins in China and a long-term chemical market supercycle. In addition, the Chinese government is supportive of natural gas prices, which helps maintain gas margins.

2. Royal Dutch Shell (RDS.A). Royal Dutch Shell is one of the biggest oil supermajors and is the largest public company in the world outside of the U.S. and China, according to Forbes. Shell’s solid third-quarter earnings numbers were overshadowed by cautious commentary from management related to the company’s ongoing $25 billion buyback program

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