Big Energy Stocks Hit New 2023 Highs, Then Back Off

Big market capitalization energy names hit higher 2023 highs this week as oil prices continued upward. Most of these companies have been around for a long time, and they all pay dividends. That they’ve been trending mostly upward for months is noticeable when you examine the charts.

Oil Stocks Price Charts.

Hess is an oil and gas exploration and production company with headquarters in New York. Market capitalization comes to $47.63 billion. The stock trades with a price-earnings ratio of 32.93, more or less in line with the Shiller p/e for the Standard and Poor’s 500.