Top Oil Stocks

There are many good crude oil stocks to pick from this year. Many oil and petroleum companies are making a massive profit off of oil, which will drive up the price of oil in the future, also making you a profit. However, it is best to single out only a couple of the companies to make it easier for you to make a choice when you decide to invest your money in crude oil stocks. It is a smart investment, as you will make a lot of profit when you sell your oil stocks back.

The stocks of ConocoPhillips are dirt cheap right now, currently hovering around at $40 for a share in the company. In the past 52 weeks, its stock has gone as high as $80 a share, which is almost a 200% return if you bought at $40. It is making a lot of profits at the moment and is an oil stock predicted to double by the end or near end of the economic recession. Revenues are also expected to jump higher by the start of 2010, making it a wise investment.

Another company that you might want to invest in is ExxonMobil. The price of its stock is currently around $45, which is relatively low for an oil company of its size. Analysts predict that ExxonMobil stock could easily bounce back to $70 or more in 2010. With ExxonMobil working on new oil projects in Alaska and other places, prices of its stock stay stable at the moment. The predicted target for ExxonMobil in 2010 is around a $10 increase, with more room for expansion.

Chevron is also a very wise choice to invest in at the moment. Its stock price is around $65, but the price has peaked at around $90 for a share. Chevron is a key player in the oil market and has a strong market cap and revenues are high. Production of petroleum in 2009 is also up 10%, far ahead of its chief competitors in the oil market. Chevron also holds more than ten billion dollars in cash if needed to cover its losses. With the price of oil low as it is, it is a good and intelligent decision to get stocks of all these important players in the petroleum business.