My Top Oil Stock to Buy Right Now
The oil industry is facing an existential crisis as the world looks to reduce the amount of carbon it generates. The dirty image has been hard to shed, even for an industry giant like TotalEnergies (NYSE: TOT), which has been working to shift gears along with the rest of the world. But for dividend investors, that's an opportunity, given that the stock is offering a huge 6.3% yield. Here's why, despite the oil industry's image problems, you should be looking at TotalEnergies right now.
It would be nice if the world could simply flip a switch and move to new, cleaner energy sources. But the last energy transition, from coal to oil, took 100 years. While it's entirely possible that electricity will replace oil more quickly, there is a huge amount of infrastructure to replace before that can happen. So, in the end, it is highly likely that oil and natural gas will be important parts of the world's energy pie for decades to come.
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Source Fool.com
