Vår Energi, Aker BP, and Imperial Oil Top Energy Stocks Amid Volatile Market
Global energy stocks remain attractive despite central banks' hints at possible rate moves, as inflation, uneven growth, and geopolitical risks keep oil prices in the spotlight.
Vår Energi (OB:VAR), Aker BP (OB:AKRBP), and Imperial Oil (TSX:IMO) are three energy stocks that appear positively exposed to the latest news shock. These companies give investors direct exposure to changes in global energy prices through their upstream oil and gas production.
Vår Energi, an independent upstream oil and gas producer focused on crude oil and natural gas liquids on the Norwegian continental shelf, provides pure upstream exposure with a clear link to the Global Energy Sector Equities theme. With operations primarily generating revenue from Oil & Gas Exploration & Production, Vår Energi has about US$10.7b in sales from this segment.
Aker BP, a pure play oil and gas explorer and producer on the Norwegian Continental Shelf, closely ties its fortunes to the Global Energy Sector Equities theme through its portfolio of offshore fields such as Valhall, Ula, Edvard Grieg/Ivar Aasen, Alvheim, and Skarv. The company generates all of its approximately US$11.9b in revenue from exploration for and production of petroleum.
Imperial Oil, a Canadian integrated oil and gas company with sizeable upstream production and a large refining and chemicals footprint, gives you broad exposure to global energy pricing through a mix of oil sands production, refining, and petrochemicals. The company generates most of its revenue from its Downstream business at about CA$57.3b, followed by the Upstream segment at about CA$17.2b.