These companies are expected to be the fastest -2-

   Schlumberger Ltd.               SLB                    $66                                                  9.2%                                     15.4%                                               21.6%         12.3                      14.0 
   Marathon Petroleum Corp.        MPC                    $63                                                 -2.9%                                     -5.1%                                                2.9%         10.1                       6.8 
   Phillips 66                     PSX                    $60                                                 -2.5%                                      8.6%                                               19.3%         11.0                       7.3 
   Occidental Petroleum Corp.      OXY                    $55                                                  5.1%                                     14.2%                                               18.9%         15.2                      11.4 
   Valero Energy Corp.             VLO                    $53                                                 -7.4%                                    -12.2%                                              -15.7%         10.3                       6.1 
   Williams Cos. Inc.              WMB                    $49                                                  8.2%                                     11.9%                                               30.4%         21.1                      15.9 
   ONEOK Inc.                      OKE                    $47                                                  7.1%                                      9.9%                                               19.4%         15.7                      11.2 
   Hess Corp.                      HES                    $47                                                  4.3%                                     16.3%                                                 N/A         14.4                      20.4 
   Kinder Morgan Inc Class P       KMI                    $42                                                  1.5%                                      4.1%                                               10.3%         15.7                      14.6 
   Diamondback Energy Inc.         FANG                   $35                                                 24.9%                                      6.4%                                                 N/A          9.9                       6.9 
   Baker Hughes Company Class A    BKR                    $32                                                  4.9%                                     19.6%                                               -3.3%         14.1                      16.6 
   Halliburton Company             HAL                    $32                                                  6.3%                                     14.5%                                               18.9%         10.1                       9.2 
   Devon Energy Corp.              DVN                    $30                                                  1.7%                                      2.8%                                                 N/A          8.9                       7.7 
   Targa Resources Corp.           TRGP                   $25                                                 11.1%                                     20.8%                                               72.1%         19.2                      12.1 
   Coterra Energy Inc.             CTRA                   $20                                                 11.1%                                     29.3%                                               37.6%         11.2                       9.6 
   EQT Corp.                       EQT                    $18                                                 25.8%                                     82.6%                                              153.6%         17.3                      10.5 
   Marathon Oil Corp.              MRO                    $14                                                  1.2%                                      7.8%                                               25.8%          8.5                       7.5 
   APA Corp.                       APA                    $11                                                  0.4%                                      3.0%                                              -12.7%          6.5                       6.1 
                                                                                                                                                                                                                                         Source: FactSet 

Consensus 2026 free-cash-flow estimates aren't available yet for three of the companies. For Hess, FCF per share is expected to increase 34% in 2025 from the expected 2024 level, if the acquisition by Chevron isn't completed.

For Diamondback Energy Inc. (FANG), analysts expect FCF per share to decline by 39% in 2025. The company in February agreed to acquire Endeavor Energy Resources LP for about $26 billion, mostly in stock. The expected increase in the share count will lower FCF per share.

For Devon Energy Corp., (DVN) analysts expect FCF to increase 19% in 2025.

Now here is the list again in the same order, with forward dividend yields, P/E ratios and a summary of analysts' opinions:

   Kinder Morgan Inc. Class P     Ticker   Dividend Yield  Share "buy" ratings  May 24 price  Consensus price target  Implied 12-month upside potential 
   Exxon Mobil Corp.               XOM              3.35%                  57%       $113.42                 $132.91                                15% 
   Chevron Corp.                   CVX              4.13%                  68%       $157.75                 $183.99                                14% 
   ConocoPhillips                  COP              1.98%                  73%       $117.25                 $144.22                                19% 
   EOG Resources Inc.              EOG              2.95%                  50%       $123.27                 $146.38                                16% 
   Schlumberger Ltd.               SLB              2.38%                  94%        $46.24                  $66.36                                30% 
   Marathon Petroleum Corp.        MPC              1.86%                  70%       $177.80                 $212.50                                16% 
   Phillips 66                     PSX              3.22%                  60%       $142.68                 $165.06                                14% 
   Occidental Petroleum Corp.      OXY              1.42%                  32%        $61.95                  $72.58                                15% 
   Valero Energy Corp.             VLO              2.64%                  67%       $162.42                 $184.24                                12% 
   Williams Cos. Inc.              WMB              4.73%                  38%        $40.13                  $40.50                                 1% 
   ONEOK Inc.                      OKE              4.90%                  45%        $80.85                  $85.02                                 5% 
   Hess Corp.                      HES              1.16%                  31%       $151.39                 $177.75                                15% 
   Kinder Morgan Inc Class P       KMI              6.03%                  33%        $19.07                  $20.48                                 7% 
   Diamondback Energy Inc.         FANG             1.86%                  79%       $193.46                 $225.96                                14% 
   Baker Hughes Company Class A    BKR              2.59%                  79%        $32.37                  $40.85                                21% 
   Halliburton Company             HAL              1.88%                  86%        $36.11                  $48.08                                25% 
   Devon Energy Corp.              DVN              4.26%                  67%        $48.15                  $58.87                                18% 
   Targa Resources Corp.           TRGP             2.63%                  88%       $114.28                 $126.83                                10% 
   Coterra Energy Inc.             CTRA             2.95%                  67%        $27.13                  $34.10                                20% 
   EQT Corp.                       EQT              1.57%                  58%        $40.15                  $44.23                                 9% 
   Marathon Oil Corp.              MRO              1.68%                  69%        $25.56                  $34.15                                25% 
   APA Corp.                       APA              3.41%                  42%        $29.36                  $40.09                                27% 
                                                                                                                                        Source: FactSet 

Click the tickers for more about each company.

Click here for Tomi Kilgore's detailed guide to the wealth of information available for free on the MarketWatch quote page

The dividend yields are trailing, and some of the payouts are variable. Be sure to do your own research to form your own opinion about a company's long-term viability before buying any individual security.

-Philip van Doorn

This content was created by MarketWatch, which is operated by Dow Jones & Co. MarketWatch is published independently from Dow Jones Newswires and The Wall Street Journal.

(END) Dow Jones Newswires

06-01-24 0659ET

Copyright (c) 2024 Dow Jones & Company, Inc.