FreshForex identifies top performers in oil market rally
FreshForex notes energy stocks gaining
Analysts at FreshForex, a leading multi-asset broker, note that despite geopolitical instability, fluctuating oil prices, and ongoing industry transformation, major oil and gas corporations are demonstrating steady momentum.
According to the broker’s website, several sector leaders strengthened their positions in June, creating new opportunities for active trading.
Sector leaders: stock growth and key drivers
Shell rose by 7% thanks to a balanced dividend policy and a $3.5 billion share buyback plan. The LNG Canada project also contributed to investor confidence.
TotalEnergies gained 5.5%, supported by the acquisition of green energy assets and a dividend increase. A moderate production forecast and continued investment in eco-friendly technologies sustained demand.
BP added 7% following oil price stabilization and the launch of a new buyback program. Despite lower production due to asset sales, the company reported improved profitability in core segments.
Chevron advanced 7.5% driven by the launch of the Ballymore project and the expansion of its share repurchase and dividend programs.
Exxon Mobil led the group with an almost 10% gain after posting $7.7 billion in quarterly profit and reporting increased output and LNG development activity.
Forecast and trading opportunities with FreshForex
According to FreshForex, the oil and gas sector retains strong growth potential in the short- and medium-term outlook. Shares of Shell, TotalEnergies, BP, Chevron, and Exxon Mobil remain top picks for active traders.
FreshForex offers over 270 trading instruments, including CFDs on stocks, indices, and cryptocurrencies — all on a single platform. New clients receive a 15% bonus on their first deposit starting from $100, and with promo code STO202, a 202% drawdown bonus is available on deposits of $202 or more.
As a reminder, FreshForex recently introduced automated trading capabilities for MetaTrader 5 users.
