2 Top Dividend-Paying Oil Stocks to Buy for the Long Haul
The move to limit global warming is having a material impact on energy companies. On the one hand, the world still needs oil, and will for a long time to come. On the other hand, well, oil companies clearly need to change with the world around them, or they risk becoming obsolete as the world slowly moves toward cleaner energy sources. Given that backdrop, here's why Shell (NYSE: RDS.A) (NYSE: RDS.B) and TotalEnergies (NYSE: TTE) are two of the top oil stocks for investors to buy for the long haul.
Shell and TotalEnergies are both integrated oil giants. That means they own assets across the energy sector, from drilling for oil and natural gas (upstream), to moving these fuels around (midstream), to processing the fuels into chemicals and refining them into gasoline and jet fuel (downstream). This diversification offers balance to their portfolios and helps to smooth the inherent volatility of the energy markets since the downstream often benefits when oil prices are low. As a result, an integrated oil major is probably the best way to invest in the energy sector for more conservative investors.
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Source Fool.com
