According to the International Energy Agency, the global community must invest $48 trillion by 2035 to meet the world's energy needs. Of that, $23 trillion will need to be spent on fossil fuel extraction, transportation, and oil refining. This investment will help to offset declining oil and gas wells, as well as help to meet the growing demand for energy in emerging nations. Needless to say, this is a supertrend that deserves a place in nearly every portfolio. While a number of companies will benefit from this megatrend, I think ConocoPhillips (NYSE: COP ) , Anadarko Petroleum (NYSE: APC ) and Chevron (NYSE: CVX ) are among the best positioned to profit.
These three companies have energy assets spread around the world, and all three have a plan in place to grow production. ConocoPhillips expects 3%-5% compound annual production growth through 2017, with major growth opportunities beyond that. Anadarko Petroleum expects even higher 5%-7% compound annual production growth through 2020. Finally, Chevron anticipates 20% total production growth from 2013 to 2017, with post-2017 growth projects beginning to emerge.
The slideshow presentation below will help investors gain a better understanding of how these three companies are well positioned to profit by helping supply the world with the energy it so desperately needs. It details the near-term growth opportunities for ConocoPhillips, Anadarko Petroleum and Chevron, as well as where these companies see future growth potential to meet the world's energy needs over the next two decades.
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