Old-school energy sources aren’t going anywhere. Even as the world transitions to cleaner power, oil and gas (and the infrastructure behind them) remain integral to the global economy.
Add in rising electricity demand from AI and data centers, and you have a sector where both old-school titans and new-age renewables can thrive.
If you have $500 and want to build a long-term, diversified position in energy, the goal is pretty simple: Find companies with strong balance sheets, steady dividends, and exposure to both sides of the energy transition. The following three energy stocks fit that bill precisely.