Oil prices are on the rise, for a number of reasons. Inflation has spiked, while the U.S. economy continues to recover at an aggressive pace from the coronavirus pandemic.
As a result, oil prices are up across the board. West Texas Intermediate (WTI) crude is near $80 per barrel, up from the mid-$40 range at this point last year. Brent crude has had a similar increase, and now trades at $82 per barrel.
Naturally, investors might be wondering if now is the time to buy oil stocks.
With all this in mind, we have created the following list of top 10 oil stocks for high dividend yields and expected returns.
Imperial Oil is one of Canada’s largest integrated oil businesses. The company operates through three reporting segments: Upstream, Downstream, and Chemical. Imperial Oil is headquartered in Calgary, Alberta, Canada.
Kinder Morgan, Inc., in its current form, conducted its initial public offering on 2/10/11. Today, the company is among the largest energy companies in the U.S. It is engaged in storage and transportation of oil and gas, and other products.