Shell (NYSE:SHEL)
Headquartered in London, U.K., Shell is a multinational energy giant with operations in more than 70 countries. With more than 47,000 Shell-branded retail service stations, the company says it serves around 33 million customers on a daily basis.
It’s a staple for global investors, too. Shell is listed on the London Stock Exchange, Euronext Amsterdam and the New York Stock Exchange (NYSE).
The company’s NYSE-listed shares are up 10% in 2024.
Piper Sandler analyst Ryan Todd sees an opportunity in the oil and gas supermajor. The analyst has slapped a price target of $85 per share. Considering that Shell trades at around $72.80 today, Todd’s price target implies a potential upside of around 17%.
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Learn MoreChevron (NYSE:CVX)
Chevron is another oil and gas supermajor that could benefit from a commodity boom.
In 2023, the company reported earnings of $21.4 billion and cash flow from operations of $35.6 billion.
Earlier this year, Chevron’s board approved an 8% increase to the quarterly dividend rate to $1.63 per share.
The stock has climbed around 8.5% in 2024.
Barclays analyst Betty Jiang has given Chevron a price target of $203 — implying a potential upside of 25% from current levels.
Exxon Mobil (NYSE:XOM)
Commanding a market cap of over $470 billion, Exxon Mobil is bigger than Shell and Chevron.
The company also boasts the strongest stock price performance among the three in 2024 — Exxon shares are up around 14.5% year-to-date.
It’s not hard to see why investors like the stock: the oil-producing giant gushes profits and cash flow. Exxon reported $36.0 billion in profits in 2023 and generated $55.4 billion of cash flow from operating activities.
Solid financials allow the company to return cash to investors. In 2023, it distributed $32.4 billion to shareholders, including $14.9 billion in dividends and $17.4 billion in share repurchases.
UBS analyst Josh Silverstein put a price target of $150 on Exxon — around 28% above where the stock sits today.
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