If you are looking to find a new stock to invest in, diesel may be the way to go. With diesel use on the rise throughout the world and in the United States, diesel stocks are only expected to rise further in the coming years. Once known as a dirty fuel, diesel is now being used for many cars as it is useful in lowering fuel economy. If you want to know who to invest in, read on for the biggest names in all things diesel.
Cummins is an industrial firm who specialize in the making and distributing of diesel powered engines for vehicles. If you would like to play with not only the power generation side of diesel but also the engine side, CMI is a great stock to back. As diesel is sought after more and more, CMI stocks should only continue to rise and the company will continue to benefit. Blacksmokemedia.Com have all the latest news on Cummins and the vehicles it produces.
A brand known and used worldwide, this company manufacturers many vehicles that rely on diesel as their power source. If you want to back a company that you know and trust, Caterpillar are not going anywhere. Caterpillar aim to enable opportunity and sustainable world progress with its vehicles and its use of diesel powered engines.
Marathon Petroleum (MPC)
This company is growing in its use of fossil fuels including its new use of diesel. This is a good stock to invest in regarding its use of diesel as the company spent a whopping 3.9 million dollars to expand its refinery in Garyville and is now much more equipped to be producing diesel as a fuel. Marathon Petroleum’s firms are also in the prime location to be exporting to South America, making them one to watch in the world of diesel stocks.
Shell is another well-known supplier of diesel and other gasoline alternatives to people worldwide. If you want a safe bet in the diesel stock world, Shell is the stock to back. Shell has made its name and continues to grow around the world. They are expanding the amount of diesel that they can export therefore their stocks should keep rising as demands for diesel continue to increase in the world.
Exxon Mobil (XOM)
Exxon Mobil is known worldwide and is one of the biggest exporters of diesel at the moment. This is a great stock to invest in if you want to play in the diesel stock world as the rise in diesel continues to grow. Exxon Mobil’s stock is ready to outperform as the world demands more fuels than it is making due its ever-increasing population and use of fuels.
As diesel is becoming more and more popular, the stocks in these companies are only due to rise. If you want to play in the stock market, the above are some of the most renown companies in the diesel market.