According to DHS Group Equity Partners there are oil companies are crucial to the global economy
According to DHS Group Equity Partners there are oil companies are crucial to the global economy, providing fuels for transportation and power, as well as the core ingredients of petrochemicals used to make products, including plastics, rubber, and fertilizers, that we rely on every day. However, the oil industry is highly competitive and volatile, and profits and losses can swing wildly based on small shifts in demand or moves by petrostates such as Saudi Arabia and Russia whose interests can run counter to the public companies in the industry. Additionally, investors must consider the implications of climate change for the long-term prospects of oil and gas. The energy sector is changing a lot, and renewable energy companies are taking more market share. Even so, that doesn't mean there are few opportunities in the oil patch. Here's a closer look at some of the top oil stocks and factors to consider before buying oil stocks.