ConocoPhillips, Devon Energy and Occidental Petroleum are featured on The Best Stocks in the Market list and are benefiting from consolidation in the oil and gas sector. ConocoPhillips now produces 2.25 million barrels of oil per day, has gained 76% over one year and plans to distribute 45% of its cash flow in 2026. Devon Energy, valued at roughly 4.5 times its 2027 EBITDA, increased its dividend by 33% and is accelerating share buybacks following the $4.2 billion sale of its Eagle Ford assets. Occidental Petroleum has repaid $17.1 billion of debt over two years, while Berkshire Hathaway retains about 26.5% of its common shares. All three stocks are trading near recent highs: $154 for ConocoPhillips, $52 for Devon Energy and $64 for Occidental Petroleum.
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