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.
10. PBF Energy Inc. (NYSE:PBF)
Number of Hedge Fund Holders: 26
PBF Energy Inc. (NYSE:PBF) is included in our list of the 13 Best Oil Refinery Stocks to Buy Right Now.
On July 31, 2025, PBF Energy Inc. (NYSE:PBF) released its earnings report for Q2 2025. The company reported a net loss of $5.2 million, an improvement from a $0.56 net loss per share in the previous year. Meanwhile, its adjusted net loss stood at $1.03 per share. The weak earnings were attributed to soft refining margins and ongoing challenges at the company’s Martinez refinery, which experienced a fire earlier this year. Although the refinery has partially resumed operations, a full restart is expected by year-end 2025. However, the company’s insurance recoveries of $250 million helped offset the loss.
Looking ahead, the company expects over $200 million in annualized savings by the end of the year, thanks to its Refinery Business Improvement initiative. Furthermore, PBF Energy Inc. (NYSE:PBF) expects to complete the $175 million sale of its terminal assets in Q3, which falls under its portfolio optimization plans.
Four days after the earnings release, Piper Sandler increased its price target on PBF Energy Inc. (NYSE:PBF) from $21 to $22, maintaining an ‘Underweight’ rating.
Operating through its Refining and Logistics segments, PBF Energy Inc. (NYSE:PBF) is focused on refining and the supply of petroleum products.
9. Par Pacific Holdings, Inc. (NYSE:PARR)
Number of Hedge Fund Holders: 29
Drawing significant hedge fund interest, Par Pacific Holdings, Inc. (NYSE:PARR) secures a spot on our list of the 13 Best Oil Refinery Stocks to Buy Right Now.
On August 5, 2025, Par Pacific Holdings, Inc. (NYSE:PARR) announced results for Q2 2025. The company generated $59.5 million in net income, which represents over 3x growth from the previous year. Its Adjusted EBITDA grew 69% YoY to $137.8 million, thanks to record throughput of 88 thousand barrels per day (Mbpd) in Hawaii, improved gross margins in Montana and Washington, and a completed turnaround at its Montana refinery. Furthermore, Par Pacific Holdings, Inc. (NYSE:PARR) repurchased $28 million in shares and increased its liquidity by 23% to $647 million.
Meanwhile, the next day, Raymond James decreased its price target on Par Pacific Holdings, Inc. (NYSE:PARR) from $38 to $36, maintaining an ‘Outperform’ rating. The analyst believes that the company has strong upside potential due to its refining optimization and planned SAF project sell-down.
With its Refining, Retail, and Logistics segments, Par Pacific Holdings, Inc. (NYSE:PARR) operates as an energy company in the U.S.
8. Crescent Energy Company (NYSE:CRGY)
Number of Hedge Fund Holders: 34
Crescent Energy Company (NYSE:CRGY) is included in our list of the 13 Best Oil Refinery Stocks to Buy Right Now.
On August 4, 2025, Crescent Energy Company (NYSE:CRGY) announced results for Q2 2025. The quarter was marked by record production of 263 Mboe/d, helping it to generate $499 million in operating cash flow and $171 million in levered free cash flow. Crescent Energy’s operational efficiency allowed it to reduce its drilling and completion costs by 15%, resulting in net income of $162 million.
Furthermore, with a $72 million acquisition, Crescent Energy Company (NYSE:CRGY) expanded its mineral portfolio. Its YTD non-core divestiture reached $110 million, which includes the $22 million Eagle Ford sale in July and $83 million Permian sale in April. The company’s strong performance also allowed it to repurchase $28 million in shares while refinancing debt in July, reducing its interest expense. The company’s full-year guidance reflects its operational momentum, along with favorable tax updates from the July 4 “One Big Beautiful Bill Act.” Crescent Energy Company (NYSE:CRGY) also announced a $0.12/share dividend, which is payable on September 2 to shareholders of record as of August 18.
Operating in the U.S., Crescent Energy Company (NYSE:CRGY) explores for and produces crude oil, natural gas, and natural gas liquids.
7. National Fuel Gas Company (NYSE:NFG)
Number of Hedge Fund Holders: 35
Drawing significant hedge fund interest, National Fuel Gas Company (NYSE:NFG) secures a spot on our list of the 13 Best Oil Refinery Stocks to Buy Right Now.
National Fuel Gas Company (NYSE:NFG) announced results for Q3 FY2025 on July 30, 2025. The company recorded adjusted EPS of $1.65, a 66% increase YoY. Higher gas prices, lower costs, and record production of 112 billion cubic feet (Bcf) in its Eastern Development Area boosted the company’s earnings. Furthermore, its Exploration and Production segment recorded a 157% surge in its adjusted earnings. Meanwhile, under its Pipeline and Storage segment, the Tioga Pathway Project received FERC approval, expected to start operations in late 2026, while the Shippingport Lateral Project was also announced.
Looking ahead, the company increased its full-year EPS guidance midpoint to $6.88. National Fuel Gas Company (NYSE:NFG) also expects EPS growth of 20% next year, based on a $4.00 NYMEX gas price. The quarter also included a 4% dividend increase, marking the 55th consecutive year of dividend increase. The company expects a 6% production lift, continued cost improvements, and a $110 million growth in regulated capital spending in the future, supporting its long-term rate base growth and shareholder value creation.
National Fuel Gas Company (NYSE:NFG), a diversified energy company, explores for, develops, and produces natural gas and oil.
6. HF Sinclair Corporation (NYSE:DINO)
Number of Hedge Fund Holders: 40
HF Sinclair Corporation (NYSE:DINO) is included in our list of the 13 Best Oil Refinery Stocks to Buy Right Now.
HF Sinclair Corporation (NYSE:DINO) announced its results for Q2 2025 on July 31, 2025. The company exceeded expectations with an adjusted EPS of $1.70, compared to $1.09 consensus. The company reported a sharp increase in both adjusted net income and adjusted EBITDA, which reached $322 million and $665 million, respectively. Even though refinery maintenance was carried out at Tulsa and Parco, HF Sinclair recorded refining EBITDA of $476 million, thanks to improved margins.
Meanwhile, the company’s Marketing and Midstream segments generated $25 million and $112 million in EBITDA, respectively. Furthermore, HF Sinclair Corporation (NYSE:DINO) advanced with its retail footprint, opening 55 new stores during the quarter. The Renewables segment, on the other hand, remained near breakeven due to the challenging macro-economic environment. The company’s strong performance helped it to return $145 million to shareholders, while maintaining balance sheet strength.
Following the earnings release, UBS raised its price target on HF Sinclair Corporation (NYSE:DINO) from $48 to $51 on August 4, maintaining a ‘Buy’ rating.
Operating across the U.S., HF Sinclair Corporation (NYSE:DINO) is an integrated petroleum refiner and marketer.
5. Phillips 66 (NYSE:PSX)
Number of Hedge Fund Holders: 52
Drawing significant hedge fund interest, Phillips 66 (NYSE:PSX) secures a spot on our list of the 13 Best Oil Refinery Stocks to Buy Right Now.
Phillips 66 (NYSE:PSX) reported its performance for Q2 2025 on July 25, 2025. The company recorded adjusted EPS of $2.38, above the $1.72 estimate. Its refining utilization rate hit 98%, which is the highest since 2018. Meanwhile, clean product yield reached 86% and market capture hit 99%. Furthermore, the company’s refining cost per barrel was recorded at its lowest level since 2021. The company also performed well in Midstream, generating $1 billion in adjusted EBITDA, thanks to the Coastal Bend acquisition and early startup of the Dos Picos II gas plant.
With its operating cash flow (excluding working capital) reaching $1.9 billion, Phillips 66 (NYSE:PSX) was able to return $906 million to shareholders during the quarter. The company’s efficiency was also bolstered, as indicated by the $100 million reduction in its full-year turnaround expense guidance. Having experienced strong momentum across all segments, the company is well-positioned to achieve its $4.5 billion Midstream EBITDA goal by 2027.
Citing favorable refining sector trends and the company’s strong market positioning, Piper Sandler increased its price target on Phillips 66 (NYSE:PSX) from $144 to $145 on August 4, maintaining a ‘Neutral’ rating.
Phillips 66 (NYSE:PSX) is a global downstream energy company that is focused on refining, midstream, chemicals, marketing, and renewables segments.
4. Valero Energy Corporation (NYSE:VLO)
Number of Hedge Fund Holders: 55
Valero Energy Corporation (NYSE:VLO) is included in our list of the 13 Best Oil Refinery Stocks to Buy Right Now.
On July 28, 2025, Piper Sandler increased its price target on Valero Energy Corporation (NYSE:VLO) from $159 to $168, maintaining an ‘Overweight’ rating. The analyst cited the company’s resilience demonstrated in Q2. However, Piper Sandler advised caution for the short term as it expects regulatory uncertainty and margin softness in the company’s Renewable Diesel (RD) segment. As such, this uncertainty has resulted in Q3 production cuts and negative revisions to second-half 2025 RD earnings.
Overall, the analyst expressed optimism about Valero Energy Corporation (NYSE:VLO)’s core refining strength despite the RD segment’s upcoming challenges. Piper Sandler believes the stock remains a solid long-term investment.
Operating across the U.S., Americas, Europe, and the rest of the world, Valero Energy Corporation (NYSE:VLO) deals in petroleum-based and low-carbon transportation fuels and petrochemical products.
3. Marathon Petroleum Corporation (NYSE:MPC)
Number of Hedge Fund Holders: 57
Drawing significant hedge fund interest, Marathon Petroleum Corporation (NYSE:MPC) secures a spot on our list of the 13 Best Oil Refinery Stocks to Buy Right Now.
Marathon Petroleum Corporation (NYSE:MPC) reported Q2 results on August 5, 2025. Its net income fell to $1.2 billion from $1.5 billion last year, while strong refining execution and stable midstream performance helped the company achieve adjusted EBITDA of $3.3 billion. The company’s crude utilization reached 97%, resulting in 3.1 million bpd throughput. Meanwhile, its R&M margin improved slightly to $17.58 per barrel.
With the $2.375 billion acquisition of Northwind Midstream, Marathon Petroleum Corporation (NYSE:MPC) advanced key Permian and Gulf Coast projects, improving its sour gas processing capacity. Furthermore, MPC streamlined its portfolio with the completion of the $425 million divestiture of its ethanol JV stake. The company’s capital return stood at $1.0 billion in the quarter, including $692 million in share repurchases. Meanwhile, $6.0 billion is still available under buyback programs.
Looking ahead, Marathon Petroleum Corporation (NYSE:MPC) reaffirmed its future strategy by highlighting high-return refinery investments in the Los Angeles, Galveston Bay, and Robinson facilities, alongside infrastructure projects such as Secretariat and Harmon Creek III.
With its Refining & Marketing, Midstream, and Renewable Diesel segments, Marathon Petroleum Corporation (NYSE:MPC) operates as an integrated downstream energy company.
2. Chevron Corporation (NYSE:CVX)
Number of Hedge Fund Holders: 81
Chevron Corporation (NYSE:CVX) is included in our list of the 13 Best Oil Refinery Stocks to Buy Right Now.
On August 1, 2025, Chevron Corporation (NYSE:CVX) released its Q2 2025 results. The company posted earnings of $2.5 billion, a decrease from $4.4 billion a year earlier, while reporting adjusted earnings of $3.1 billion. The decrease in earnings was attributed to a $215 million net loss related to Hess’s share valuation and pension costs.
Chevron Corporation (NYSE:CVX) hit a record production of 1 million BOE/day at its Permian Basin, which helped offset lower crude prices. With cash flow from operations reaching its all-time high, the company was able to return $5.5 billion to shareholders. This quarter, the company’s portfolio in Guyana, Bakken, and the Gulf of Mexico was strengthened with the completion of Hess’s acquisition. Furthermore, Chevron Corporation (NYSE:CVX) stepped into the U.S. lithium market, expanded LNG offtake capacity to 7 MTPA, and began production at its Geismar renewable diesel plant.
Following the earnings release, UBS increased its price target on Chevron Corporation (NYSE:CVX) from $177 to $186 on August 4, maintaining a ‘Buy’ rating. This price revision reflected the company’s strong quarter performance.
Engaging in oil and gas production, refining, and lower-carbon solutions, Chevron Corporation (NYSE:CVX) leads the market as an integrated energy company.
1. Exxon Mobil Corporation (NYSE:XOM)
Number of Hedge Fund Holders: 94
Drawing significant hedge fund interest, Exxon Mobil Corporation (NYSE:XOM) secures a spot on our list of the 13 Best Oil Refinery Stocks to Buy Right Now.
Exxon Mobil Corporation (NYSE:XOM) released Q2 2025 earnings on August 1, 2025. The company reported earnings of $7.1 billion and cash flow from operations of $11.5 billion, amid challenging market conditions. At the same time, $9.2 billion was distributed among shareholders, including $5 billion in buybacks and $4.3 billion in dividends. This is in line with the company’s plan to return $20 billion through repurchases in 2025. Furthermore, XOM has already repurchased 40% of the shares issued for the Pioneer acquisition since May 2024.
Moreover, Exxon Mobil Corporation (NYSE:XOM) recorded its highest Q2 upstream production, thanks to record Permian output and volume growth in Guyana. Meanwhile, Singapore Resid Upgrade, Fawley refinery, and Strathcona Renewable Diesel projects bolstered its high-value product portfolio. These projects are expected to generate $3 billion in earnings by 2026.
Exxon Mobil Corporation (NYSE:XOM)’s year-to-date operating cash flow reached $24.5 billion, while its free cash flow reached $14.2 billion. The company maintained a robust net-debt-to-capital ratio of 8% with a YTD capital spending of $12.3 billion. Full-year spending guidance remains at $27-29 billion.
Exxon Mobil Corporation (NYSE:XOM) is focused on the production, refining, and sale of oil, gas, chemicals, and specialty products globally.
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