2 Energy Stocks That Can Help You Fight Inflation

If you have filled up your gas tank recently, the price of this vital fuel probably left you feeling like you had a big hole in your wallet. The price increases have been so large that they are helping to drive inflation to historically high levels.

Before you throw in the towel and stop driving, consider investing in oil giants like Chevron (NYSE: CVX) and ConocoPhillips (NYSE: COP), so you can actually see some benefit from the high gas prices that are pinching your finances.

While inflation is running hot today, at least partly driven by high oil prices, it is important to take a historical view of things. Oil and natural gas are commodities that are prone to swift and often dramatic price swings. In fact, it wasn't too long ago that a pandemic-driven demand decline led oil prices to painful lows that pushed a number of small producers into bankruptcy court. So if you are a conservative investor, you'll want to own an oil company that can benefit from high prices, survive low ones, and keep rewarding investors along the way. One of the best options is Chevron.

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Source Fool.com