Here are the best natural gas stocks as prices soars to record highs

on Apr 6, 2022
  • Natural gas price has jumped sharply in the past few weeks.
  • It is trading at a record high as tensions between Russia and Europe rises.
  • Shell, Chesapeake, and Devon are good investments.

Natural gas price has rallied in the past few weeks as investors watch the ongoing crisis in Ukraine. In Europe, countries are buying gas for record highs, which has helped stabilize the Russian ruble. Analysts expect that this trend will continue in the coming months. As a result, natural gas stocks are expected to do well. 


Shell (LON: RDSB) is one of the biggest producers of natural gas globally even though it is widely known for its oil business. The company achieved this success when it acquired BG Group in a $54 billion deal.

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The strong performance of oil and natural gas has been positive to the Shell share price. The stock is trading at 2,128p in London, which is closer to its all-time high of about 2,350p. It has outperformed even after the firm decided to exit its Russian business due to the war.

Shell is a good company because of its above-average dividend payouts and the ongoing share repurchases program. As oil and gas prices rise, the firm will continue benefiting.

Chesapeake Energy

Chesapeake Energy (NASDAQ: CHK) is a large oil and gas company that has managed to come back to life in the past few months. The firm decided to file Chapter 11 bankruptcy in 2020 as the price of oil and gas tumbled.

In the past few months, its stock price has jumped sharply, bringing its market cap to more than $11 billion. It has also spent its resources on mergers and acquisitions, which has helped it grow its market share.

While Chesapeake makes money from both oil and gas, most of its revenue comes from its natural gas business. Therefore, there is a possibility that the Chesapeake stock price will keep rising considering that the world needs more gas and prices are sharply higher.

Devon Energy

Devon Energy (NYSE: DVN) is one of the best-known shale producers in the US. The firm has a market cap of over $38 billion and annual revenues of more than $13 billion. This 2021 revenue was much better than the previous year’s $4.3 billion. 

Devon produces about 300k barrels of oil every day. It also produces 125k barrels of liquid natural gas and 920 million cubic feet of natural gas. This makes it a major player in the energy industry. It also explains why the Devon stock price is trading at its all-time high. Therefore, it will likely keep rising in the coming months.

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