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Global oil companies: With oil in focus, which ones can rise the most?

Published 2024-04-16, 11:02 a/m
Updated 2024-04-16, 11:02 a/m
© Reuters.

Investing.com - Amidst the tensions between Israel and Iran, the focus on oil has investors watching closely for any potential escalation in conflict and its effects on the energy market. This situation offers an opportunity to track the potential of companies to appreciate in value with the help of InvestingPro, Investing.com's premium platform.

By building a portfolio on the platform featuring leading global companies in the sector, including Exxon Mobil (NYSE:XOM), Shell (LON:RDSa) PLC ADR (NYSE:SHEL) (LON:SHEL), Chevron (NYSE:NYSE:CVX), Petrobras (NYSE:PBR), and TotalEnergies (NYSE:TTE), InvestingPro points out the potential appreciation of stocks.

Chevron, Total Energies (EPA:TTEF), and Petrobras are deemed comparatively cheaper according to the platform. Petrobras' ADRs, for instance, could see a potential appreciation of 53.9%, as per 13 investment models, while Total Energies might see 29.3%, according to 15 models, and Chevron 28.9%, according to 14 models.

Shell and Exxon Mobil have less significant appreciation potential, of 13.8% and 6.6% respectively, as per 14 and 15 models.

All investment models and analyst estimated targets can be checked and compared on InvestingPro, Investing.com's premium platform. By subscribing today, you can get up to 40% off – with even more affordable prices when using the coupon INVESTIR. Enhance your portfolio's performance by identifying which stocks are undervalued!

This content is not an investment recommendation, and other factors should be considered when deciding whether or not to include a stock in your portfolio. Also check fundamental indicators on InvestingPro, with the coupon INVESTIR.

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