EOG Resources is the premier onshore U.S. crude oil producer, capable of sustaining many years of very high production growth supported by its exceptional acreage position and industry-leading technical advances. The stock is currently trading at $103 per share (as of May 5) and has an upside target of $209 per share, which is more than double its current price, over the next 12 months assuming a $62 per barrel WTI crude oil price.

With a market cap of $217 billion, Chevron competes with the likes of Exxon (XOM), Shell, BP and Total. CVX consistently ranks among the lowest cost producers in its nine-company peer group. Strong production growth is anticipated in 2018 and 2019.

Shareholder activists focused on climate issues are gaining traction in their push to have large energy companies and utilities take account of the impact rising global temperatures could have on their businesses.

U.S. futures are pointing to a slightly higher open on Friday as we await economic data and earnings for the first quarter. It’s already been a lively start to trading in Europe where we got some surprising numbers from the UK and the euro area.

The volatility in the crude oil market is at a 28-month low but that complacency in the market may be short lived as the International Energy Agency warns of looming oil supply shortages during the next three years. This comes as Exxon Mobil makes a big investment in the coming U.S. oil boom as it plans to invest $20 billion in the Gulf Coast creating 35,000 construction jobs and 12,000 permanent jobs as it seeks to position itself as the U.S. becomes a major oil and gas exporter.

Exxon Mobil Corp., the world's largest publicly traded oil producer, said on Monday it would invest $20 billion through 2022 to expand chemical and refining plants on the U.S. Gulf Coast.

Exxon Mobil Corp, the world's largest publicly traded oil producer, sought to reassure anxious investors on Wednesday about its growth potential, highlighting both short- and long-term projects that executives said should continue to help fund the 106-year-old dividend.

U.S. stock index futures were lower today, a day after Wall Street rallied about 1% and as oil prices dropped due to concerns of oversupply.

Crude prices fell to multi-week lows today as rising Iranian exports and returning supplies from Libya and Nigeria fueled concerns that a global glut would persist.