As the global energy landscape evolves, investors must assess the stability of traditional fossil fuels against the growth potential of renewable energy and advanced nuclear technologies. Some experts highlight a rising global backlash against renewables, as increasing evidence in Europe and elsewhere raises questions about long-term profitability and sustainability without government largesse. Others argue that addressing climate change is non-negotiable, making renewables a safe investment. This article also reflects the expected revival of the nuclear industry.Though national governments typically influence energy policy with input from international organizations such as the International Energy Agency, private enterprise drives energy industry innovation and development. Energy companies have the unique task of balancing public input, global diplomacy, and international frameworks with economic advantage. Companies without a clear, politically informed global outlook and communications and public affairs strategy cannot succeed in the energy sector.
We looked at a mix of large, medium, and small-cap companies. Share prices quoted are the adjusted closing prices listed on January 2, 2024, and December 31, 2024, per Yahoo Finance historical lookups. The author has no direct interest in any of the companies highlighted here. Finally, past performance is no prediction of future results.
Hydrocarbons – Best Performers
TPL (Texas Pacific Land Corporation):
TPL is a major landowner in Texas, with extensive holdings in the Permian Basin, home to one of North America’s largest oil and gas deposits. TPL seeks to partner in facilitating every aspect of developing the Basin’s resources through its Land and Resource Management and Water Services and Operations divisions. TPL’s stock increased by 111%, from $524.15 to $1105.96. TPL joined the S&P 500 in November 2024, replacing Marathon Oil. Its royalty-based model includes exposure to U.S. shale production, which is expected to grow under the Trump administration without significant capital expenditures.
TRGP (Targa Resources):
Targa Resources provides midstream infrastructure for supply of natural gas and natural gas liquids, or NGLs (ethane, propane, butane, etc.) for the domestic and global markets. It is the largest gatherer and processor in the Permian, with pipeline transport, fractionation, and shipping capacities. Its integrated systems and strategic positioning create steady revenue streams amidst strong North American production. After experiencing a remarkable 111% growth from $84.51 to $178.50 in 2024, the stock is set to keep climbing, supported by the company’s infrastructure investments.
WMB (The Williams Companies):
The Williams Companies provides transport, storage and delivery for natural gas, handling approximately one-third of the U.S. natural gas supply. Assets include pipelines and gathering and processing operations. Its fee-based contracts help maintain stable