ConocoPhillips (COP), Chevron Corporation (CVX), Valero Energy Corporation (VLO), And Three Oil Stocks You Should Buy This Month

On the other side, the company is all set to separate its retail segment — to be named as Corner Store Holdings — which will be listed on the NYSE and traded under the ticker CST. Its retail segment earned $467 million in earnings before interest and taxes last year.

The separation process will be completed by distribution of 80% outstanding shares of Corner Store Holdings to Valero Energy Corporation (NYSE:VLO)’s shareholders on the record date. The company’s investors will receive one Corner Store share for every nine Valero shares.

Bottom line

ConocoPhillips (NYSE:COP) with its exploration projects and strong cash flow seems to be a good stock to pick. With new discoveries in Gulf of Mexico and addition of Coronado, Ardennes and Thorn wells into its portfolio, investors can see better future growth prospects in the company as it focuses to expand organically.

Chevron Corporation (NYSE:CVX), with its huge cash flow from new project operations and the addition of new liquefied natural gas projects under its portfolio, makes an attractive stock for shareholders. Also, due to the cost-savings by closing down its Woodside Petroleum project, investors will get the advantage in the form of special dividend payouts.

I feel Valero Energy Corporation (NYSE:VLO)’s plan to spin off its retail segment will help the company to focus on its core refinery segment only. This spin off will also help investors to get a tax exemption. It has planned to invest $30 million to add a refinery terminal at Benicia, which will help to lower costs of domestic crude oil by lowering operating costs.

I recommend these three stocks as a buy.

The article 3 Oil Stocks You Should Buy This Month originally appeared on Fool.com.

Copyright © 1995 – 2013 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.