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The global oil & gas upstream activities market is expected to grow at a 26.6% CAGR to reach $3.34 trillion this year. Growing investor interest in the industry is evident in SPDR S&P Oil & Gas Exploration & Production ETF’s (XOP) 75.9% returns over the past six months compared to S&P 500 Trust ETF’s (SPY) 18.1% gains.
Based on these factors, we think China Petroleum & Chemical Corporation (SNP), Continental Resources, Inc. (CLR), and World Fuel Services Corp. (INT) are ideal investment bets now. Here’s why:
