One Great Aspect About Owning Energy Stocks, Like COP
Shareholders don't have to worry about price increases at the pump. When gas prices rise, the rise in the pps and dividends, for COP, will more than compensate shareholders for the rise in gas. COP shareholders will profit when the price of oil and gas rises.
For most investors i is probably best to own the upstream producers. Down stream is way to complicated and a company like PSX is moving more toward Chemicals, lubricants, midstream and pipelines. The other refiners are not as well diversified and in my mind are at he mercy of the Brent - WTI spread and whole sale gasoline and diesel traders.