ConocoPhillipsWall Street raised 2026 Brent crude forecasts due to Iran conflict, boosting oil demand outlook for ConocoPhillips.
Wall Street has raised its 2026 Brent crude forecasts to a range of $60 to $80 per barrel, up from $50 to $60 before the Iran conflict, boosting the outlook for energy stocks. Six companies are highlighted as strong buys: integrated oil giants Chevron, ConocoPhillips, and Exxon Mobil, along with midstream master limited partnerships Energy Transfer, Enterprise Products Partners, and MPLX. Energy Transfer offers a 7.06% distribution yield, Enterprise Products Partners yields 5.88%, and MPLX pays 7.46%, while the integrated firms provide yields between 2.77% and 3.84%. All six are rated Buy by top Wall Street firms, with price targets implying further upside, and they are backed by strong free cash flow and resilient operations. The sector continues to attract investors seeking income, as dividend stocks have historically delivered an annualized return of 9.18% over the past 50 years, more than double the 3.95% from non-payers.
ConocoPhillipsWall Street raised 2026 Brent crude forecasts due to Iran conflict, boosting oil demand outlook for ConocoPhillips.
Chevron CorpHigher oil price forecasts from Wall Street improve Chevron's revenue prospects.
Enterprise Products Partners LPHigher oil price forecasts support Enterprise Products Partners' midstream volumes and cash flows.
MPLX LPHigher oil price forecasts support MPLX's midstream volumes and distribution yield.
Energy Transfer Partners L.P
Sunoco LP
USA Compression Partners LP
Energy Transfer LPHigher oil price forecasts benefit Energy Transfer's midstream operations and distribution yield.
Exxon Mobil CorpWall Street raised 2026 Brent crude forecasts due to Iran conflict, boosting oil price outlook and benefiting integrated oil companies like Exxon Mobil.