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The energy sector has had a great 2022, and it dramatically outperformed the S&P 500. The year 2023, however, may not be as exciting as 2022. Commodity prices are expected to normalize in 2023, with natural gas, coal, and crude oil prices forecast to be lower in 2023, compared to 2022.

We possibly saw a hint of that in December, a month that wasn’t as exciting for the energy sector as the rest of 2022. Let’s take a look at the five best and worst performing energy stocks in December 2022.

Five Best Performing Energy Stocks in December 2022

We have used the December return data of communication services stocks from finviz.com to develop this list of the five best and worst performing energy stocks in December 2022. We have only considered large-cap energy stocks for our list. Now, let's start with the five best performing energy stocks in December of 2022.

5. Targa Resources Corp. (TRGP) (-1%)

Targa Resources Corp. shares are up by over 10% in the last three months and up over 32% in the last year. Targa Resources shares have recently been seen trading above $75 with a 52-week range of $52.60 to $81.50, giving the company a market capitalization of more than $17 billion.

The company posted revenue of more than $17 billion in 2021, up from over $8 billion in 2020.

4. APA Corporation (APA) (0%)

APA Corporation shares are up by over 8% in the last three months and up over 41% in the last year. APA shares have recently been seen trading above $45 with a 52-week range of $27.98 to $51.95, giving the company a market cap of more than $14 billion.

The company posted revenue of more than $7.90 billion in 2021, up from over $4.40 billion in 2020.

3. Baker Hughes Company (BKR) (2%)

Baker Hughes Company shares are up by almost 32% in the last three months and up almost 20% in the last year. Baker Hughes shares have recently been seen trading above $31 with a 52-week range of $20.42 to $39.78, giving the company a market cap of more than $31 billion.

The company posted revenue of more than $20.40 billion in 2021, down from over $20.70 billion in 2020.

2. Schlumberger Limited (SLB) (4%)

Schlumberger Limited shares are up by over 31% in the last three months and up over 60% in the last year. Schlumberger shares have recently been seen trading above $58 with a 52-week range of $30.65 to $58.61, giving the company a market cap of more than $82 billion.

The company posted revenue of more than $22 billion in 2021, down from over $23 billion in 2020.

1. Halliburton Company (HAL) (4%)

Halliburton Company shares are up by almost 36% in the last three months and up almost 51% in the last year. Halliburton shares have recently been seen trading above $42 with a 52-week range of $23.30 to $43.99, giving the company a market capitalization of more than $38 billion.

The company posted revenue of more than $15 billion in 2021, up from over $14 billion in 2020.

Five Worst Performing Energy Stocks in December 2022

Now, let's move on to the worst performing energy stocks in December of 2022.

5. Marathon Oil Corporation (MRO) (-12%)

Marathon Oil Corporation shares are down by over 3% in the last three months but are up by over 47% in the last year. Marathon Oil shares have recently been seen trading above $27 with a 52-week range of $17.02 to $33.42, giving the company a market capitalization of more than $17 billion.

The company posted revenue of more than $5.50 billion in 2021, up from over $3 billion in 2020.

4. Coterra Energy Inc. (CTRA) (-12%)

Coterra Energy Inc. shares are down by almost 17% in the last three months but are up by over 16% in the last year. Coterra Energy shares have recently been seen trading above $25 with a 52-week range of $18.39 to $36.55, giving the company a market cap of more than $19 billion.

The company posted revenue of more than $3.60 billion in 2021, up from over $1.40 billion in 2020.

3. Cheniere Energy, Inc. (LNG) (-14%)

Cheniere Energy, Inc. shares are down by almost 14% in the last three months but are up by over 36% in the last year. Cheniere Energy shares have recently been seen trading above $156 with a 52-week range of $100.13 to $182.35, giving the company a market cap of more than $38 billion.

The company posted revenue of more than $17 billion in 2021, up from over $9 billion in 2020.

2. HF Sinclair Corporation (DINO) (-17%)

HF Sinclair Corp shares are down by over 10% in the last three months but are up by almost 48% in the last year. HF Sinclair shares have recently been seen trading above $52 with a 52-week range of $29.14 to $66.19, giving the company a market cap of more than $10 billion.

The company posted revenue of more than $18 billion in 2021, up from over $11 billion in 2020.

1. EQT Corporation (EQT) (-20%)

EQT Corporation shares are down by over 21% in the last three months but are up by almost 49% in the last year. EQT shares have recently been seen trading above $34 with a 52-week range of $19.20 to $51.97, giving the company a market capitalization of more than $12 billion.

The company posted revenue of more than $6.80 billion in 2021, up from over $2.66 billion in 2020.

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