The Refining & Chemicals segment refines petrochemicals, including olefins and aromatics; and polymer derivatives, such as polyethylene, polypropylene, polystyrene and hydrocarbon resins, as well as biomass conversion and elastomer processing. This segment also engages in trading and shipping crude oil and petroleum products.
The Marketing & Services segment produces and sells lubricants; supplies and markets petroleum products, including bulk fuel, aviation and marine fuel, special fluids, compressed natural gas, LPG and bitumen; and provides fuel payment solutions. It operates approximately 15,500 service stations.
Investors receive a 5.92% dividend. The BofA Securities price target of $77 compares with a $69.41 consensus target and the $49.23 close for TotalEnergies stock on Monday. That was almost 6% higher on the day.
This Wall Street favorite is a solid energy play for conservative investors looking for safer ideas. Valero Energy Corp. (NYSE: VLO) is one of the largest independent petroleum refining and marketing companies in the United States. It is based in San Antonio, Texas; owns 13 refineries in the United States, Canada and Europe; and has a total throughput capacity of around 2.5 million barrels per day.
The company also is a joint venture partner in Diamond Green Diesel, which operates a renewable diesel plant in Norco, Louisiana. Diamond Green Diesel is North America’s largest biomass-based diesel plant.
Valero sells its products in the wholesale rack or bulk markets in the United States, Canada, the United Kingdom, Ireland and Latin America. Approximately 7,400 outlets carry Valero’s brand names.
Valero Energy stock investors receive a 4.69% dividend. The Piper Sandler analysts have set a $148 price target. The consensus target is lower at $135.32, and shares closed 5% higher on Monday at $112.31.
These seven energy giants can continue to profit from the potential for higher energy prices but offer investors who are more conservative a safer way to play the sector. With everything from the world’s largest integrated energy giants to two of the biggest refining companies and European mega-cap leaders, these are seven ways to generate income and participate in what could be a strong fourth-quarter rally for the sector.
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