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Goldman says these energy stocks will provide big returns


Exxon Mobil operates the Esso Fawley Ole Refinery in Fawley (UK) on Thursday, Mai 14, 2020.

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Energy stocksWhile oil and gas prices are at record highs, Goldman says there is still upside to be had by investors.

The firm advised investors to place more emphasis on resource quality and asset value than on prioritizing businesses that will return capital during the first half in 2022.

Analysts led by Neil Mehta expect oil demand to be higher in 2030 than it is today — unlike some who believe peak demand is behind us — and said that investors can capture this upside by buying upstream stocks.