10 Most Undervalued Oil Stocks To Buy According To Analysts

6. Shell plc (NYSE:SHEL)

Forward Price-to-Earnings Ratio: 10.29

Analyst Upside: 7.95%

Number of Hedge Fund Holders: 50

Shell plc (NYSE:SHEL) is one of the 10 most undervalued oil stocks to buy according to analysts. Shell plc (NYSE:SHEL) declared on June 11 that it will expand its LNG capacity by up to 12 million metric tons from ongoing projects by the end of the decade. According to analysts, Shell plc (NYSE:SHEL) is a current buyer of about 70 million metric tons of contractual LNG annually. For comparison, Shell LNG Marketing and Trading shipped around 65 million tons of LNG to over 30 nations worldwide last year.

Speaking on this, Shell’s president of integrated gas, Cederic Cremers, talked about improving the company’s ability to supply clients through contracts with third-party vendors and acquisitions, such as the Pavilion Energy purchase in Singapore, which was finalized at the end of the first quarter. He went on to say that by 2030, the United States and Qatar will account for 60% of the new production, with demand primarily coming from Asia and hard-to-electrify zones.

Shell plc (NYSE:SHEL) is a global energy and petrochemical company that explores, manufactures, and markets bitumen, lubricants, low-carbon fuels, natural gas, crude oil, and natural gas liquids.