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The price of crude oil (CL1:COM) has continued its upward climb on Tuesday morning as the commodity has now advanced to its highest level since early November. Now at new 4-month high, oil trades at $83.13 per barrel and has jumped 18.2% on the year.
As oil prices push up, they have in turn supported many large-cap energy stocks along the way. See the top 10 stock performers in 2024 among large-cap energy names.
Top 10 Large Cap Energy Stocks of 2024
No. 10: Cenovus Energy Inc. +13.8% YTD.
No. 9: Ovintiv Inc. (OVV) +15.8% YTD.
No. 8: Western Midstream Partners, LP (WES) +16.2% YTD.
No. 7: Imperial Oil Limited (IMO) +17.7% YTD.
No. 6: Phillips 66 (PSX) +18.4% YTD.
No. 5: TechnipFMC plc (FTI) +21.8% YTD.
No. 4: Targa Resources Corp. (TRGP) +24.2% YTD.
No. 3: Diamondback Energy (FANG) +24.3% YTD.
No. 2: Valero Energy Corporation (VLO) +28.3% YTD.
No. 1: Marathon Petroleum Corporation (MPC) +31.3% YTD.
Additionally, investors looking for a more diversified approach to energy investing, here are a group of popular energy exchange traded funds on the market along with how each fund has performed in 2024.
- Energy Select Sector SPDR Fund (NYSEARCA:XLE) +9.4% YTD.
- Vanguard Energy ETF (NYSEARCA:VDE) +9.8% YTD.
- SPDR S&P Oil & Gas Exploration & Production ETF (NYSEARCA:XOP) +8.9% YTD.
- VanEck Oil Services ETF (NYSEARCA:OIH) +5.8% YTD.
- Fidelity MSCI Energy Index ETF (NYSEARCA:FENY) +9.1% YTD.
More on Energy
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- Valero, Phillips 66, Marathon all hit record highs in new 'golden age' for refiners
- Exxon CEO says giant Texas hydrogen project at risk without IRA tax credits
- Chevron: The Dividend Should Double In 5 Years If Oil Prices Remain At Current Levels