In this article, we look at the 13 Best Oil Refinery Stocks to Buy Right Now.
Investors are keeping their eyes on the global oil market while staying on their toes, amid a fresh wave of geopolitical tensions and supply-side shifts. On August 5, 2025, oil prices declined sharply as OPEC+ decided to increase production by 547,000 barrels per day for September. Brent Crude prices declined to $67.64, with WTI settling at $65.15. Prices for both hit their lowest in the past week.
Meanwhile, U.S. President Donald Trump threatened new tariffs on India over its Russian oil imports, reigniting trade tensions. In response, New Delhi showed a strong stance, indicating a growing rift. Oil prices fell further on August 6, amid speculation about progress in U.S.-Russia talks over the Ukraine war, easing fears of supply disruptions. However, prices rebounded slightly on the next day amid signs of steady U.S. demand and a larger-than-expected decrease in U.S. crude inventories. U.S. crude stockpiles dropped by 3 million barrels in the week ended August 1.
Yet, uncertainty remains over Trump’s planned summit with Putin, potential secondary sanctions on China, and volatility in global oil demand forecasts.
With this backdrop in mind, let’s move on to our list of the 13 Best Oil Refinery Stocks to Buy Right Now.
A drilling rig in an oil field, the sun setting over the horizon.
Our Methodology
To curate our list of the 13 Best Oil Refinery Stocks to Buy Right Now, we used the Finviz screener to extract a list of companies focused on oil refining. We then assessed hedge fund sentiment surrounding these stocks. Finally, we ranked these stocks in ascending order based on the number of hedge funds holding stakes in them as of Q1 2025. We extracted hedge fund data from Insider Monkey’s hedge fund database, which tracks over 1,000 hedge funds.
Why are we interested in the stocks that hedge funds pile into? The reason is simple: our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds. Our quarterly newsletter’s strategy selects 14 small-cap and large-cap stocks every quarter and has returned 373.4% since May 2014, beating its benchmark by 218 percentage points (see more details here).
13. Delek US Holdings, Inc. (NYSE:DK)
Number of Hedge Fund Holders: 21
Drawing significant hedge fund interest, Delek US Holdings, Inc. (NYSE:DK) secures a spot on our list of the 13 Best Oil Refinery Stocks to Buy Right Now.
On August 6, 2025, Delek US Holdings, Inc. (NYSE:DK) reported its performance for the second quarter of 2025. The company reported an adjusted loss per share of $0.56, compared to the consensus loss of $0.92. The improvement was a result of better refining margins and record system throughput. Meanwhile, its adjusted EBITDA reached $170.2 million, driven by strong performance at the Big Spring and Krotz Springs refineries.
Looking ahead, Delek US Holdings, Inc. (NYSE:DK) increased its Enterprise Optimization Plan (EOP) guidance from $120 million to $130-$170 million in run-rate benefits starting in the second half of 2025. This reflects cost improvements and enhanced operations. Meanwhile, Delek Logistics (DKL), the company’s logistics subsidiary, reported $120 million in adjusted EBITDA and is expected to generate $480-$520 million for the year. This highlights the segment’s growing independence and liquidity. The company’s pipeline looks strong with the Libby 2 gas plant commissioning and expanded sour gas gathering capacity in the Delaware Basin. Lastly, the company’s financial health is further reflected through $29 million in dividends and share repurchases.
With its Refining and Logistics segments, Delek US Holdings, Inc. (NYSE:DK) operates as an integrated energy company in the U.S.
12. World Kinect Corporation (NYSE:WKC)
Number of Hedge Fund Holders: 22
World Kinect Corporation (NYSE:WKC) is included in our list of the 13 Best Oil Refinery Stocks to Buy Right Now.
World Kinect Corporation (NYSE:WKC) reported its performance for the second quarter of 2025 on July 31, 2025. The company beat EPS estimates of $0.48 per share with adjusted EPS of $0.59. While the quarter was marked by macroeconomic headwinds, the company showed resilience, particularly in aviation, where gross profit grew 8% YoY to $138 million. Aviation segment performance was driven by European aircraft operations and private aviation. The Land segment, on the other hand, recorded a 17% gross profit decline due to divestitures in the U.K. and Brazil, along with softness in North American liquid fuels demand.
Meanwhile, World Kinect Corporation (NYSE:WKC) recorded a $367 million goodwill impairment related to its Land segment. While the Marine segment suffered with a one-time tax hit, its overall performance remained stable. Furthermore, the company’s financial health remained strong, thanks to a 10% reduction in operating expenses and $13 million in free cash flow generated. As a result of robust quarterly performance, WKC returned $64 million to shareholders and paid dividends.
Operating in the U.S., the Americas, Europe, the Middle East, Africa, and the Asia Pacific, World Kinect Corporation (NYSE:WKC) is engaged in aviation, land, and marine sub-segments within the broader energy market.
11. Diversified Energy Company PLC (NYSE:DEC)
Number of Hedge Fund Holders: 24
Drawing significant hedge fund interest, Diversified Energy Company PLC (NYSE:DEC) secures a spot on our list of the 13 Best Oil Refinery Stocks to Buy Right Now.
On August 4, 2025, Diversified Energy Company PLC (NYSE:DEC) repurchased 53,431 ordinary shares at a volume-weighted average price of $14.35. A day later, on August 5, it bought 306 more shares at $14.35 per share. Mizuho Securities USA LLC carried out both transactions. Furthermore, all shares will be canceled, reducing the total number of outstanding shares.
These transactions fall under Diversified Energy Company PLC (NYSE:DEC)’s buyback initiative announced in March, which aims to optimize capital allocation and enhance shareholder returns. The company’s outstanding shares total 77,935,467 as of the time of the latest cancellations.
Diversified Energy Company PLC (NYSE:DEC), based in the U.S., owns and operates natural gas and oil wells.
