Key Points

- ExxonMobil (XOM) and Chevron (CVX) stocks see gains in premarket trading due to rising oil prices
- Opportunities still exist for dividend investors despite high market valuations
- Energy stocks present attractive valuations for long-term growth
- High-yield play in midstream income offers steady income and growth
- Consumer-tech investment combines dividend growth, buybacks, and innovative strategies

Energy stocks, such as ExxonMobil (XOM) and Chevron (CVX), are on the rise in premarket trading on Wednesday as concerns over escalating tensions in the Middle East push oil prices higher. Amid worries of a broader conflict in the region, shares of energy giants are extending gains, reflecting the positive sentiment in the market.

Despite the high market valuations, opportunities still exist for dividend investors looking for value and income potential. Sectors that have been left behind are now proving to be attractive options for long-term growth. Energy stocks, in particular, are standing out with their attractive valuations, making them appealing choices for investors seeking dividends.

In addition to energy stocks, there is another high-yielding play in the market that offers steady midstream income and growth opportunities from critical infrastructure. This investment option provides a reliable source of income for investors looking for stability and growth potential in their portfolios.

Furthermore, the third pick for dividend investors combines dividend growth with buybacks and innovative strategies, making it a compelling choice for those focusing on consumer-tech investments. This unique combination of factors positions this stock as an attractive option for income-focused investors looking for growth opportunities in the market.

Overall, as oil prices continue to surge amidst tensions in the Middle East, energy stocks are experiencing gains in premarket trading. Alongside opportunities in sectors offering value and income potential, high-yield plays in midstream income and innovative consumer-tech investments are also presenting appealing options for investors seeking to diversify their portfolios with stable income and growth opportunities.

About OXY

Occidental Petroleum Corporation, together with its subsidiaries, engages in the acquisition, exploration, and development of oil and gas properties in the United States, the Middle East, Africa, and Latin America. It operates through three segments: Oil and Gas, Chemical, and Midstream and Marketing. The company's Oil and Gas segment explores for, develops, and produces oil and condensate, natural gas liquids (NGLs), and natural gas. Its Chemical segment manufactures and markets basic chemicals, including chlorine, caustic soda, chlorinated organics, potassium chemicals, ethylene dichloride, chlorinated isocyanurates, sodium silicates, and calcium chloride; vinyls comprising vinyl chloride monomer, polyvinyl chloride, and ethylene. The Midstream and Marketing segment gathers, processes, transports, stores, purchases, and markets oil, condensate, NGLs, natural gas, carbon dioxide, and power. This segment also trades around its assets consisting of transportation and storage capacity; and invests in entities. Occidental Petroleum Corporation was founded in 1920 and is headquartered in Houston, Texas.

For more information:

Up/Down Rally

Price Distribution

Analyst Recommendations

Earning Price Impact Analysis

Seasonality