Oil & gas drilling & exploration stocks are part of basic materials stock sector. These drilling and exploration companies search for potential underground or underwater crude oil or natural gas fields, and drill and operate wells. The companies also may bring the crude oil or natural gas to the surface (this process is known as "upstream" operations).
Many of these companies are structured as trusts, limited partnerships, or limited liability corporations. The stocks also may pay higher-than-average dividend yields.
Oil & Gas Drilling & Exploration Companies List
The largest oil & gas drilling & exploration companies include CNOOC Ltd, Petrobras, and Cenovus Energy Inc. These companies may provide services include directional drilling, well drilling and reconditioning of oil and gas field wells.
Oil & gas drilling & exploration companies are:
- CNOOC Ltd. (CEO)
- Petroleo Brasileiro S.A. – Petrobras (PBR)
- Petroleo Brasileiro S.A. – Petrobras (PBR-A)
- Cenovus Energy Inc. (CVE)
- Concho Resources, Inc. (CXO)
- Antero Resources Corporation (AR)
- Helmerich & Payne, Inc. (HP)
- Whiting Petroleum Corp. (WLL)
- Transocean Ltd. (RIG)
- Ensco plc (ESV)
- SeaDrill Limited (SDRL)