In this article, we will take a look at the 12 Best LNG Stocks to Buy in 2026. For a deeper discussion and analysis, please refer to the 12 Best LNG Stocks to Buy in 2026.
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5. Baker Hughes Company (NASDAQ:BKR)
Number of Hedge Fund Holders: 59
Baker Hughes Company (NASDAQ:BKR) is an energy technology company that provides solutions for energy and industrial customers worldwide.
On May 19, BofA trimmed its price target on Baker Hughes Company (NASDAQ:BKR) from $80 to $75, but maintained its ‘Buy’ rating on the shares. The target cut, which still indicates an upside of over 13% from the current levels, comes as the analyst firm updated its oilfield services models for Q1 earnings and 10-Q reports. BofA noted that its forecasts for 2027 and 2028 EBITDA are on average 10% and 16% above consensus, respectively.
Baker Hughes Company (NASDAQ:BKR) exceeded estimates in its Q1 2026 report last month, as the robust demand in its industrial and energy technology unit offset drilling weakness caused by the disruptions in the Middle East. The company achieved total orders of $8.2 billion during the quarter, including $4.9 billion from IET, driven by the growth in electricity demand from data centers, along with investments in LNG, gas infrastructure, and grid equipment.
Baker Hughes Company (NASDAQ:BKR) is expecting total revenue of $6.5 billion and adjusted EBITDA of $1.13 billion in Q2. Moreover, the company reaffirmed its guidance of $27.25 billion in revenue and $4.85 billion in adjusted EBITDA for the full-year 2026.
4. ConocoPhillips (NYSE:COP)
Number of Hedge Fund Holders: 65
ConocoPhillips (NYSE:COP) is one of the world’s largest independent E&P companies based on oil and natural gas production and proved reserves.
On May 22, Morgan Stanley boosted its price target on ConocoPhillips (NYSE:COP) from $149 to $153, while maintaining an ‘Overweight’ rating on the shares. The revised target reflects an upside of 27% from the current price level.
ConocoPhillips (NYSE:COP) exceeded profit estimates in its Q1 results posted last month. However, the company lowered its full-year 2026 production guidance to 2.295-2.325 MMBOED, down from its prior forecast of 2.33-2.36 MMBOED. The energy giant attributed this change to “the full exclusion of Qatar production from guidance for the quarter, the Surmont royalty rate adjustment, and planned second quarter maintenance”.
ConocoPhillips is a partner in QatarEnergy’s LNG export plant that was struck by Iranian missiles during the war, and repairs on the facility are expected to take three to five years.
ConocoPhillips (NYSE:COP) boasts a steady dividend growth history and an impressive annual yield of 2.74%, putting it among the 14 Best Dividend Stocks to Buy for Steady Growth.
3. Cheniere Energy, Inc. (NYSE:LNG)
Number of Hedge Fund Holders: 81
Cheniere Energy, Inc. (NYSE:LNG) is the largest producer of liquefied natural gas in the United States and the second-largest LNG operator in the world.
On May 13, Scotiabank upped its price target on Cheniere Energy, Inc. (NYSE:LNG) from $288 to $290, while maintaining an ‘Outperform’ rating on the shares. The revised target indicates an upside of over 20% from the current levels.
Scotiabank outlined that the LNG sector is among the most immediately impacted areas in the broader energy infrastructure space. However, the firm remains optimistic, since the ongoing Middle East conflict has disrupted around a third of the global LNG supply, creating significant long-term opportunities for American LNG even after a resolution.
Cheniere Energy, Inc. (NYSE:LNG) reported a net loss of $3.5 billion for its Q1 on May 7, driven primarily by the billions of dollars in losses tied to derivative contracts. However, the company raised its 2026 adjusted core profit guidance to between $7.25 billion and $7.75 billion, versus its previous range of $6.75 billion to $7.25 billion, on higher LNG production forecasts and stronger market margins.
2. Chevron Corporation (NYSE:CVX)
Number of Hedge Fund Holders: 86
Chevron Corporation (NYSE:CVX) manufactures and sells a range of high-quality refined products, including gasoline, diesel, marine and aviation fuels, premium base oil, finished lubricants, and fuel oil additives.
On May 22, Morgan Stanley analyst Devin McDermott raised the firm’s price target on Chevron Corporation (NYSE:CVX) from $212 to $214, while keeping an ‘Overweight’ rating on the shares. The target boost represents an upside of almost 12% from the current levels.
Chevron garnered positive attention from a number of analysts after the company exceeded earnings estimates in its Q1 report earlier this month. The oil major’s upstream business received a significant boost from the soaring oil prices amid the US-Iran war.
However, it needs mentioning that while analysts seem bullish on Chevron, Berkshire Hathaway trimmed its stake in the company by selling around $8 billion worth of its stock in the first quarter. The Omaha-based conglomerate capitalized on the soaring oil prices, which pushed the American energy giant’s stock to a record high (read more details here).
Carillon Tower Advisers, an investment management company, stated the following regarding Chevron Corporation (NYSE:CVX) in its Q1 2026 investor letter:
“Chevron Corporation (NYSE:CVX) shares contributed to the quarter’s performance due to the war in the Middle East sending commodity prices of crude oil and natural gas, to multi-year highs. We estimate that 10% to 15% of total supply could be removed from the global market for an extended period. Chevron has significant exposure to spot commodity prices and is expected to benefit immediately from a higher price regime in its upstream energy segment. Also, the company is positioned to benefit from improved refining margins. Chevron shares reflect improved earnings and cash flow from this event.”
1. Exxon Mobil Corporation (NYSE:XOM)
Number of Hedge Fund Holders: 98
Topping our list of the Best LNG Stocks is Exxon Mobil Corporation (NYSE:XOM). It is one of the largest integrated fuels, lubricants, and chemical companies in the world.
A New York Times report on May 21 revealed that Exxon Mobil Corporation (NYSE:XOM) is in talks to acquire rights to produce oil in Venezuela nearly two decades after it was effectively expelled from the country. The deal, which could be finalized and announced as soon as this month, would mark a major victory for President Trump, who has been pushing American oil majors to invest in the South American country’s dilapidated infrastructure.
According to the report, Exxon is looking to sign contracts to produce oil in up to six fields in several regions in Venezuela. The move comes after the company’s CEO, Darren Woods, called the country “uninvestable” without durable protections for new investment.
Exxon Mobil Corporation (NYSE:XOM) left Venezuela in 2007 when the country’s government under Hugo Chavez nationalized oil projects owned by foreign companies. In fact, Venezuela’s government still owes Exxon around $1 billion in damages awarded in the legal battles that followed.
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