Oil exploration sector stocks are linked to companies involved in the discovery of crude oil in river basins, deposits beneath sea beds and other locations. Despite calls for a transition to green energy, the global economy continues to depend on fossil fuel production. So, there is a continued demand for exploration of the oil sector.
Oil exploration companies present opportunities for high investment returns but also face legal and regulatory risks, especially in cases of incidents like oil spills.
Here are all the details about oil exploration stocks.