The countries of Saudi Arabia and Russia are pushing for the price of oil to hit $100 per barrel before the holidays. In this article, read and find out which oil company stocks must be bought for high dividends!
APA
APA Corporation was long considered the oil industry leader ever since it was known as Apache for offering one of the best access in the sector. Further reports say APA has operations in the United States, the United Kingdom, and Egypt, as well as offshore activities in the country of Suriname.
According to Jackson, APA is also one of the biggest oil production companies in the U.S., with 2.3 billion barrels tantamount to proven reserves of 63% liquids. Reports say financial services company Wells Fargo has set the oil company stocks price of APA at $53. However, the consensus target for APA’s oil company stocks price is at $49.73 only and the shares closed at $44.20 on September 12.
Chevron
An article in Flipboard states that the Chevron Corporation became involved in integrated energy and chemicals operations around the world. Reports say the Upstream division is involved in the exploration, production, transportation, and development, of natural gas and crude oil and the processing and transportation of liquefied natural gas.
On the other hand, the Downstream division of Chevron Corporation is reportedly involved in refining, marketing, and transporting crude oil and manufacturing and marketing renewable fuels and petrochemicals. In addition, Downstream is also involved in cash management and debt financing and in real estate, technology, and insurance.
Reports say investment banking company UBS has set the oil company stocks price of Chevron at $209. However, the consensus target for Chevron’s oil company stocks price is at $187.29 and the shares closed at $166.81 on September 12.
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