Exxon also manufactures and markets commodity petrochemicals, including olefins, aromatics, polyethylene and polypropylene plastics, and specialty products, and it transports and sells crude oil, natural gas and petroleum products.
The company announced last month that ExxonMobil Catalysts and licensing has introduced ExxonMobil Renewable Diesel (EMRD) process technology to help meet the evolving needs for mobility, while utilizing renewable feedstock. This new process technology converts feedstocks including, but not limited to, vegetable oils, unconverted cooking oil and animal fats, into renewable diesel.
Due to significant interest in producing renewable jet fuel as a primary product, Exxon is also developing advanced catalyst and process technology solutions that will offer EMRD process licensees flexibility to tailor the amount of jet fuel versus diesel produced.
The company pays investors a 4.70% dividend, which will continue to be defended. Goldman Sachs has set an $84 price target, which is much higher than the $75.46 consensus target. Exxon Mobil stock closed trading on Wednesday at $74.17.
Royal Dutch Shell
This is a top international play for investors looking to add energy exposure and is yet another company that posted solid results. Royal Dutch Shell PLC (NYSE: RDS-A) operates as an independent oil and gas company worldwide through its Upstream and Downstream segments. The company explores for and extracts crude oil, natural gas and NGLs.
Shell also converts natural gas to liquids to provide fuels and other products; markets and trades crude oil and natural gas; transports oil; liquefies and transports gas; extracts bitumen from mined oil sands and converts it to synthetic crude oil; and generates electricity from wind energy.
In addition, the company engages in the conversion of crude oil into a range of refined products, including gasoline, diesel, heating oil, aviation fuel, marine fuel, LNG for transport, lubricants, bitumen and sulphur; production and sale of petrochemicals for industrial customers; refining; trading and supply; pipelines and marketing; and alternative energy businesses.
Investors receive a 2.71% dividend. The Goldman Sachs price objective for the Buy-rated shares is $75. The consensus figure for Royal Dutch Shell stock is $61.58, and Wednesday’s closing share price was $50.91.
These five top energy companies could be big winners if fighting does indeed break out, but they are solid choices now regardless of how the situation in Ukraine is resolved. Demand for LNG is skyrocketing around the world, and oil prices are already closing in on the $90 a barrel level. Should the situation in Eastern Europe cools some, the shares may back up temporarily, which would be an outstanding opportunity to buy more.
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