Oil stocks soared in the first half of 2026 as global supply disruptions fueled gains—Occidental led the charge, but Exxon and Chevron followed closely, all posting strong, steady growth. Despite the rally, valuations remain reasonable: Exxon trades at just over 14x earnings, Chevron slightly lower, and Occidental looks undervalued. Plus, all three pay dividends—with Chevron and Exxon boasting long histories of increasing payouts.
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