Let's Add MPC And APA To The Mix -- September 11, 2022

Two other oil stocks to buy before Devon Enery: link here.

Is Devon Oil a better energy play than Marathon Petroleum (a refiner)? Link here.

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All my posts are done quickly: there will be content and typographical errors. If anything on any of my posts is important to you, go to the source. If/when I find typographical / content errors, I will correct them.    

Devon Energy:

• market cap: $45 billion
• p/e: 8.68 (thank you, ESG)
• dividend: 6.8% (would be higher if share price had not appreciated so much -- darn it, all)

Others

• CVX: $313 billion; 10.69; 3.55%
• EOG: $73 billion; 12.7; 2.43% 
• OXY: $61 billion; 6.45; 0.79% (you can see why Buffett continues to accumulate OXY)
  
• PXD: $57 billion; 9.91; 10.62%
• MPC: $50 billion; 6.75; 2.32% (a refiner)
  
• MRO: $18 billion; 6.25; 1.21%
  
• APA: $12 billion; 4.3; 1.31%

The low p/e's are absolutely amazing:

• ESG
• Yellen: we will get rid of oil and gas

Dividends are about the only discriminator at this moment, for a first pass. If one is contemplating buying APA or DVN, one must first explain the wide spread between dividends.

P/Es are a secondary discriminator right now.

Market cap: merger, acquisition, predator, prey.