Analysts See Rise in ‘22 Oil Exploration (XOM, CVX, AGYP, PXD, and COP)

Forget what you may have heard about oil and gas declining. Energy stocks like XOM, CVX, AGYP, PXD, and COP are hot because oil prices are high again.

Analysts see leading oil and gas energy firms like these budgeting 15-17% more for energy exploration in 2022. Exploration stocks are thriving as demand grows for more energy, experts say.

“We think the market has been overestimating the long-term decline in demand for oil and oil products,” Dave Sekera, Morningstar’s chief U.S. market strategist, tells the Wall Street Journal


Stewart Glickman goes further. The CFRA’s energy equity analyst predicts Exxon Mobil, Chevron, Independent Pioneer Natural Resources and others will spend “15-17% more on exploration and development in 2022.” 

Here’s what’s happening at these energy leaders:

-ExxonMobil (NYSE: XOM) is pushing into Biofuels in 2022. It is acquiring a 49.9% stake in Biojet. The effort is designed to increase its energy operations while reducing its greenhouse emissions in the transportation sector.

-Allied Energy Corp. (OTCMKTS: AGYP)is an independent driller in Texas. It has hit oil in five wells already. Now focusing on a sixth site, the Prometheus lease, it sees more oil at another drill site. In 2022, it is aggressively exploring for more oil and gas.   With several projects located in the Permian basin, AGYP’s interests are entirely domestic which is an advantage for the company in the current geopolitical climate. 

-Chevron (NYSE: CVX) is specifically seen investing some 15-17% in more energy exploration activities in 2022. It is the largest oil employer in Kazakhstan. That country is set to return to oil production levels at pre-unrest levels.  

-Pioneer Natural Resources (NYSE: PXD) is betting on higher oil prices this year. PXD sees a tighter energy market ahead. And it foresees OPEC+ spare capacity declining over the next two years. 

-ConocoPhillips’ (NYSE: COP) stock jumped 81% in 2021. Analysts like Zacks are anxiously waiting good news from its upcoming February 3 earnings release.

Independents like Allied Energy Corp. (OTC MKTS: AGYP) are aggressively seeking new oil and gas after hitting oil on five wells in three sites in Texas. Over the past year, AGYP stock is green. 

The primary risk factor is omicron and other variants. But oil and gas companies are betting that higher market demand will stay. That means more energy year-round. 


International energy prices drive the market. Energy insiders and analysts are predicting demand is up and will stay higher. 

Global oil prices are higher now. Both WTI Crude and Brent Crude are exceeding $80 per barrel. A key reason for this bullish move: U.S. demand is up and Europe needs more energy.

To independents like AGYP, this is another opportunity. AGYP stock reflects a proven energy-producing company. It finds abandoned or closed wells and makes them new again by using the latest extraction strategies. 

The result: five pumping wells on domestic soil in under 6 months of operation. And AGYP is exploring for more on additional promising sites. 

Every time WTI Crude and Brent Crude oil prices go higher, Allied Energy Corp.’s (OTCMKTS: AGYP) assets grow in valuation.  


The weather is also playing a factor. In Northern regions such as The Dakotas and Canada, colder-than-normal temperatures have interrupted deliveries. Not so in Texas, where independent AGYP operates. The result is higher prices from northern markets.

US oil inventories cannot catch up with renewed higher demand.  In all of this, AGYP is an independent driller that thrives when oil prices rise. It sees many more oil and gas wells in Texas ready for exploration.


Oil’s deep dependence globally still generates 80% of energy consumed. Energy experts say oil dominates the world’s energy usage. It isn’t going away anytime soon.

Energy experts are saying that conservationists are getting ahead of themselves.

Investors should consider AGYP stock because energy is volatile.

Older, proven well sites are ripe for new oil.

$150 PER BARREL OIL IN 2022?

Analysts at Bank of America, Jeffries and JP Morgan late last year predict global oil will reach prices of $150 per barrel or even higher in 2022. Now pricing looks like it could reach those levels.

Keep AGYP stock on your Watch List as oil and gas energy stocks are rising in valuation.Link to more news are at and