Forget everything you may be hearing about energy's focus on green energy exclusively. Funding for alternative energy like solar and wind remains strong, but oil and gas does the heavy lifting.

6% AND 5+% DIVIDEND PAYOUTS BY XOM & CVX

Investors anxiously await this week's earnings reports. Chevron (NYSE: CVX) was first and its stock surged after it announced a 6% hike to its dividend. ExxonMobil (NYSE: XOM) regularly pays 5+% dividends, almost regardless of oil and gas exploration performance. Stockholders are happy.

Future fossil fuel development is focused on the Permian Basin. Majors such as BP, Chevron, Exxon Mobil Corp. and Occidental Petroleum are increasing investment spending 15-17% in 2022.

AGYP SIX OIL CONFIRMS IN BASIN

Allied Energy Corporation (OTCMKTS: AGYP) is focused on the six well sites where it has hit oil. A smaller independent, it is a Texas-based driller that pumps U.S. oil and gas.

AGYP stock should be on investors' radar as it produces oil and gas from older, proven well sites.

O&G SECTOR TOP 7% OF 250 TRACKED

Fossil fuel exploration companies are surging:

-The Oil and Gas Integrated Industry is part of the Oils-Energy sector. Zacks has placed that sector's growth at No. 16, putting it within the Top 7% of all 250 industries tracked. The Oil and Energy sector rose 9.72% in the past month.

-Multi-national oil and gas companies seek to keep shareholders fulfilled with 40% of operating cash flow to dividends. XOM shares jumped 20.79% in the past month. Analysts consensus is this week it will report earnings of $1.86 per share. That is 6,100% YOY growth.

-Pioneer Natural Resources Company (NYSE: PXD) will release earnings the middle of next month. Analysts are expecting $4.33 per share, a YOY growth of 304.67%. Revenue consensus is for 153.82% YOY. It is a closely watched Company to indicate oil and gas increases.

-Marathon Oil Corporation (NYSE: MRO) stock jumps 21.41% in the last month. Its next earnings release is February 16., Consensus of analysts is they expect 558% YOY growth.

MARIETTA BUYS MORE DVN

Devon Energy Corporation (NYSE: DVN) is a closely watched independent. Portfolio manager Marietta Wealth Management LLC just acquired 49,834 shares of DVN due to its rising performance. It has more then doubled in price the past six months.

-EOG Resources (NYSE: EOG) is a company that surprises analysts with its volume and earnings report some 70% of the time. Wall Street usually does not like surprises, but these are good ones. Now, they're to be expected for the next earnings report in late February.

-Allied Energy Corporation (OTCMKTS: AGYP) is a domestic independent driller. It is also potentially set to produced over $1 million of oil and gas annually and has identified more leased well sites for the future. It has already hit oil at six locations in its Green Lease, Annie Gilmer and Prometheus locations in Texas.

AGYP specializes in exploring, drilling and pumping oil successfully. It is managed by an experienced oil and gas team.

Keep AGYP on your Watch List as energy stocks are jumping in value as more rigs from independents make energy exploring and producing profitable.

More oil & gas news: https://www.drpjournal.com/is-oil-and-gas-explorer-agyp-going-electric/

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