Want Decades of Passive Income? 2 Oil Stocks to Buy Right Now.
The one thing that investors need to understand about buying oil stocks is that oil prices are highly volatile. If you are looking to buy an oil company with the goal of producing a long-term income stream you have to focus extra attention on the business behind the dividend. Simply put, not all oil stocks are built the same way. But Chevron (NYSE: CVX) and TotalEnergies (NYSE: TTE) are the kinds of oil companies that you can buy right now and comfortably own for decades while you collect a handsome stream of passive income. Here's why.The energy sector is generally broken up into three segments, the upstream (oil and natural gas production), the midstream (energy infrastructure, like pipelines), and the downstream (chemical makers and refiners). There's really no such thing as a pure play oil company, since virtually all oil producers also produce natural gas. But if you want the most direct exposure to oil and gas, you'll buy a pure play upstream company.Image source: Getty Images.Continue reading
The one thing that investors need to understand about buying oil stocks is that oil prices are highly volatile. If you are looking to buy an oil company with the goal of producing a long-term income stream you have to focus extra attention on the business behind the dividend. Simply put, not all oil stocks are built the same way. But Chevron (NYSE: CVX) and TotalEnergies (NYSE: TTE) are the kinds of oil companies that you can buy right now and comfortably own for decades while you collect a handsome stream of passive income. Here's why.
The energy sector is generally broken up into three segments, the upstream (oil and natural gas production), the midstream (energy infrastructure, like pipelines), and the downstream (chemical makers and refiners). There's really no such thing as a pure play oil company, since virtually all oil producers also produce natural gas. But if you want the most direct exposure to oil and gas, you'll buy a pure play upstream company.
Image source: Getty Images.
