Top Oil Stocks To Watch Now - March 7th

As of March 7th, several oil stocks are gaining attention from investors. According to a stock screener tool, seven notable companies in the oil sector are worth watching: GE Vernova, ServiceNow, Exxon Mobil, Procter & Gamble, Chevron, Constellation Energy, and Colgate-Palmolive. These companies play significant roles in oil exploration, extraction, refining, and distribution, providing investors with a way to engage with the energy market. Their stock performance can be affected by various factors such as fluctuating global oil prices, geopolitical events, and changes in regulations.

GE Vernova (GEV)

GE Vernova LLC focuses on electricity generation and operates across three main segments: Power, Wind, and Electrification. It generates electricity through hydro, gas, nuclear, and steam power in its Power segment. The Wind segment manufactures and sells wind turbine blades, while Electrification offers solutions for grid management, power conversion, solar energy, and storage technologies.

Recently, shares of GE Vernova (NYSE:GEV) saw a drop of $5.99 during trading, landing at $287.22. The trading volume was approximately 4,029,436 shares, slightly lower than its average volume. The stock has shown a twelve-month low of $115.00 and a high of $447.50. Its market capitalization is around $79.25 billion, with a P/E ratio of 51.65 and 50 and 200-day moving averages at $360.94 and $308.11, respectively.

ServiceNow (NOW)

ServiceNow, Inc. offers a comprehensive workflow automation platform for various digital businesses globally. Its solutions encompass digital transformation, artificial intelligence, machine learning, and process analytics.

On a recent trading day, the stock price for ServiceNow (NYSE:NOW) fell by $19.56, reaching $847.53. The trading volume was 1,229,595 shares. With a current market cap of $174.59 billion and a P/E ratio of 124.18, the stock has also seen a twelve-month high of $1,198.09 and a low of $637.99.

Exxon Mobil (XOM)

Exxon Mobil Corporation specializes in the exploration and production of crude oil and natural gas both domestically and internationally through its various business segments.

Most recently, shares of Exxon Mobil (NYSE:XOM) increased by $2.25, bringing the price to $109.87 with a trading volume of 9,355,750 shares. The company has a market cap of $476.76 billion and a P/E ratio of 14.01, with significant fluctuations in a twelve-month period.

Procter & Gamble (PG)

Procter & Gamble Co. is involved in producing and selling a variety of branded consumer goods across multiple segments, including beauty, health care, and home care.

Recently, Procter & Gamble's (NYSE:PG) stock rose by $2.91, reaching $177.57 during trading hours, reflecting strong market interest.

Chevron (CVX)

Chevron Corporation operates in the energy and chemicals industry, with activities including exploration and production of oil and natural gas.

On a recent trading day, shares of Chevron (NYSE:CVX) rose by $3.77, reaching $156.72 with a considerable trading volume of 4,144,722 shares.

Constellation Energy (CEG)

Constellation Energy Corporation is a major electricity supplier in the U.S., selling natural gas and renewable energy solutions.

On March 7th, Constellation Energy (NASDAQ:CEG) saw its shares increase by $1.39, closing at $208.69.

Colgate-Palmolive (CL)

Colgate-Palmolive Company sells various consumer products, including oral care items and personal care products.

During trading on March 7th, shares of Colgate-Palmolive (NYSE:CL) increased by $4.29 to $97.58.

In summary, these seven oil stocks represent significant opportunities for investors looking to tap into the energy sector amidst changing market conditions.

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