Oil Companies to Invest In

eToro offers a Smart Portfolio that’s a list of oil companies to invest in, oil-related stocks and ETFs, which investors can copytrade – as an optional feature with no management fees charged.

It’s called ‘OilWorldWide’ and currently 1,823 eToro users are copytrading it, i.e. choosing to replicate its portfolio split of oil stocks and oil ETFs. Over the last two years it’s up over 86% in valuation.

List of Oil Companies to Invest In With OilWorldWide

These are some of the oil company stocks invested in by its creators and copytraders:

  • Devon Energy Corp (DVN) – an oil and natural gas exploration and production company based in Oklahoma City
  • Suncor Energy Inc. (SU) – an energy company based in Alberta that produces synthetic crude oil (SCO) from petroleum resource basins found in Canada’s oil sands
  • Valero Energy Corporation (VLO) – which produces and markets petroleum and petrochemical products, based in Texas
  • Occidental Petroleum Corp (OXY) – an international oil and gas exploration and production company
  • Marathon Petroleum Corporation (MPC) – an energy enterprise that refines, markets, and transports petroleum and petroleum products in the US
  • Canadian Natural Resources Ltd (CNQ) – which produces synthetic crude oil, light and medium crude oil, bitumen (thermal oil), primary heavy crude oil, and Pelican Lake heavy crude oil
  • Shell PLC (SHEL.L) – Royal Dutch Shell is one of the largest gas and oil companies in the world, based in the Netherlands and incorporated in the United Kingdom
  • Williams Companies Inc. (WMB) – an American company making infrastructure for the safe delivery of natural gas products
  • Chevron (CVX) – an international chemicals and petroleum company involved in crude oil exploration, development and production
  • Schlumberger Limited (SLB) – a technology company working on solutions for reservoir characterization, drilling, production, and processing in the oil and gas industry
  • Kinder Morgan Inc. (KMI) – which runs a pipeline network of roughly 83,000 miles, transporting natural gas, gasoline, crude oil, and carbon dioxide
  • Equinor ASA (EQNR) – a Norwegian company specializing in the exploration of petrol

There are many other oil companies also listed, including some Chinese oil companies such as PetroChina Co Ltd. Find the full list on eToro.com.

Some of the oil companies Warren Buffett’s Berkshire Hathaway has invested in – for example they reportedly own a 16.4% stake in OXY.

The main oil ETF the portfolio creators invest in is the United States Oil Fund (USO).

Past performance may not be an indicator of future results, and this eToro portfolio has been in a downtrend in 2022 alongside the wider financial markets, and the S&P 500.

The SPX topped out at 4,748 on January 3rd 2022. Some market commentators do see the crude oil price as due for a correction after its recent bull run, like the stock market. However some investors are still bullish on oil stocks for the remainder of 2022.

eToro also offers the option to buy fractional shares and charges 0% commission on stocks trading. Alongside commodities and ETFs it also supports cryptocurrencies.

eToro is a multi-asset platform which offers both investing in stocks and cryptoassets, as well as trading CFDs.

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 74% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money.

Copy Trading does not amount to investment advice. The value of your investments may go up or down. Your capital is at risk.

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Copy Trading does not amount to investment advice. The value of your investments may go up or down. Your capital is at risk.