Exxon Mobil Corporation (XOM), ConocoPhillips (COP): Two Stocks Poised to Profit From the Coming Oil Boom

Missing the boat

A few companies haven’t shown much interest in the shift toward greater U.S. production. BP plc (ADR) (NYSE:BP) is going to great lengths to begin a five-billion rand investment project in South Africa. BP’s chief executive is quoted as saying

“With the improving investment climate, especially policy stability being presented in South Africa, BP has decided to invest significantly for the benefit of all our stakeholders.”

While BP plc (ADR) (NYSE:BP) is showing mild interest in Alaska, clearly the company’s focus for shareholders isn’t in America. And BP isn’t alone–Chevron Corporation (NYSE:CVX) isn’t overly interested in North America. On its company webpage, Chevron discusses its exploration and production. The page features subheadings of Partnering for Growth in the Caspian, Investing in the Asia-Pacific Region, & Growing with Africa and Latin America, but fails to mention anything about oil production in the U.S.

Chevron is especially focused in Ecuador, attempting to overturn a $19 billion environmental judgment against itself. This case, along with growing projects in Asia, is diverting Chevron’s economic and intellectual capital away from the U.S.

Back to the future

It’s time to celebrate. A new oil boom will create jobs, better control gas prices, and decrease dependence on foreign oil. For the first time in two decades, the U.S. is expected to produce more oil than it imports. As a result, many companies will amass great wealth. The question is whether or not you will participate.

This article was written by Ian Finney and edited by Chris Marasco. Chris Marasco is Head Editor of ADifferentAngle. Neither has a position in any stocks mentioned.

The Motley Fool recommends Chevron. The Motley Fool has the following options: Long Jan 2014 $20 Calls on Chesapeake Energy, Long Jan 2014 $30 Calls on Chesapeake Energy, and Short Jan 2014 $15 Puts on Chesapeake Energy.

The article 2 Stocks Poised to Profit From the Coming Oil Boom originally appeared on Fool.com.

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