The oil and gas industry in the United States supports more than 1.7M jobs. This number is expected to rise to 2.0M by the end of 2020.
The Best Return on Equity in Oil and Gas Stocks
There are lots of ways to analyze stocks, but when you get down to the nuts and bolts of it, you want your investment in a stock to generate a return over the long run. While there is no surefire way of finding those companies, looking at metrics such as return on equity can help separate the wheat from the chaff.
Just because a company has a great return on equity, however, that doesn’t necessarily mean it’s a great investment, especially in the energy industry. So let’s look at the 10 best performing oil and gas stocks on a return-on-equity basis, but let’s also see what can make a company’s return on equity look deceptively good on paper.
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