Oil Companies Enter 2027 With Their Strongest Balance Sheets in Years. Here's What to Expect Next Year.

Key Points The energy sector is known for volatility, with oil prices swinging between high and low levels. The world's largest energy companies build financially strong businesses to weather the swings. Even the balance sheets of smaller, pure-play drillers are benefiting from high oil prices. 10 stocks we like better than Chevron › Oil is a volatile commodity, a fact you have to accept if you are going to buy an energy stock like Chevron (NYSE: CVX) , ExxonMobil (NYSE: XOM) , Devon Energy (NYSE: DVN) , or Diamondback Energy (NASDAQ: FANG) . However, oil volatility can be both a negative and a positive. Right now, high oil prices are helping to strengthen energy company balance sheets. Here's what that means for investors in 2027.