Top US Commodity Stocks to Watch in 2023

In today's rapidly evolving market, investing in commodity stocks can be a smart move for investors looking to diversify their portfolios. These stocks are often associated with the production and distribution of raw materials, such as oil, gold, and agricultural products. With the global economy on the rise, several US commodity stocks have emerged as top performers. In this article, we'll discuss the top US commodity stocks to watch in 2023.

Exxon Mobil Corporation (XOM)

As the world's largest publicly traded oil and gas company, Exxon Mobil Corporation has been a top performer in the commodity stock sector. With operations in more than 50 countries, Exxon Mobil has a strong presence in the global oil and gas industry. The company has been consistently profitable and has a strong dividend yield, making it an attractive investment for income-oriented investors.

BHP Group (BHP)

Australia-based BHP Group is one of the world's largest mining companies, producing a wide range of commodities, including iron ore, copper, and coal. With a market capitalization of over $150 billion, BHP is a significant player in the global commodity market. The company has a strong financial position and a solid dividend yield, making it an attractive investment for long-term investors.

ViacomCBS Inc. (VIAB)

Although ViacomCBS is primarily a media and entertainment company, its ownership of Paramount Global's commodity assets, such as oil and gas reserves, has made it a key player in the commodity stock sector. The company's diverse portfolio includes a variety of energy assets, making it an interesting investment for those looking to diversify their commodity exposure.

Coca-Cola Company (KO)

While not a traditional commodity stock, the Coca-Cola Company has a significant stake in the agricultural sector through its production of sugarcane, coffee, and other agricultural products. With a market capitalization of over $250 billion, Coca-Cola is one of the largest companies in the world. The company has a strong brand presence and a long history of profitability, making it an attractive investment for long-term investors.

Chevron Corporation (CVX)

Chevron Corporation is another major player in the oil and gas industry, with operations in more than 180 countries. The company has a diversified portfolio of assets, including oil, gas, and geothermal energy. With a solid financial position and a strong dividend yield, Chevron is an attractive investment for investors looking to gain exposure to the commodity stock sector.

Case Study: Gold Fields Limited (GFI)

Gold Fields Limited is a leading gold mining company with operations in South Africa, Australia, and Latin America. In recent years, the company has faced challenges due to falling gold prices and increased operational costs. However, with the recent rise in gold prices, Gold Fields has seen a significant increase in profitability. This case study highlights the importance of keeping an eye on the market trends and understanding the risks associated with commodity stocks.

In conclusion, investing in US commodity stocks can be a lucrative opportunity for investors looking to diversify their portfolios. As the global economy continues to grow, these stocks are likely to remain a vital component of any well-diversified investment portfolio. By considering the top US commodity stocks discussed in this article, investors can make informed decisions and potentially achieve strong returns.

stock market hat