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Here's how to play oil-industry stocks for long-term growth of 20% or more - MarketWatch

MarketWatch · last updated

Here's how to play oil-industry stocks for long-term growth of 20% or more - MarketWatch

Oil demand is likely to hold up longer than many people expect during the anticipated transition to electric vehicles. And changes in the industry point to oilfield services companies as good long-term growth investments as offshore production ramps up.

Below is a list of oil producers and related companies favored by two analysts who have followed the industry for decades.

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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.

More informationabout ENERGY BASICS: petroleum