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Forget Occidental Petroleum: 2 Better Oil Stocks to Buy Now - Yahoo Finance

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Forget Occidental Petroleum: 2 Better Oil Stocks to Buy Now | The Motley Fool

In this video, Motley Fool contributors Jason Hall and Tyler Crowe share two smaller oil stocks that investors should consider before buying Occidental Petroleum ( OXY-0.41%): Unit ( UNTC-1.71%) and Devon Energy ( DVN 0.59%).

*Stock prices used were from the afternoon of March 5, 2024. The video was published on March 9, 2024.

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Related Knowledge Center: ENERGY BASICS: petroleum

State of Play

While electric-powered vehicles may be the ride of the future, oil remains at least for now the dominant fuel for transportation around the world. And after a period of time at the end of the 20th century when oil was subject to wide fluctuations in price, new supplies in North America as a result of non-conventional recovery techniques have helped stabilize prices.

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