Top Oil Companies To Watch In Right Now

LONDON -- Successful investors use a disciplined approach to picking stocks, and checklists can be a great way to make sure you've covered all the bases.

In this series I'm subjecting companies to scrutiny under five headings: prospects, performance, management, safety and valuation. How does�BP� (LSE: BP  ) (NYSE: BP  ) measure up?

1.�Prospects
The fortunes of Western oil majors are determined by the price of oil, production costs and success in the capital-hungry and risky exploration activity. Geopolitics and the global economy drive supply and demand for oil.

BP's recent history exemplifies the geopolitical dimensions, from the machinations of oligarchs and politicians in Russia to criminal and civil suits in the U.S.

BP is close to completing a $38 billion disposal program, which will reduce production and reserves by 10%, focus future production on higher-margin assets and release cash. Its future business model depends on:

Top Oil Companies To Watch In Right Now: Fe Limited (FEL.AX)

Fe Limited engages in the exploration and development mineral properties in Western Australia. It holds interests in a portfolio of mineral resource projects prospective for iron, gold, and nickel ores. The company�s portfolio includes interests and rights in approximately 300 licenses covering approximately 6,900 square kilometers. It primarily focuses on the Mt Ida and Mt Elvire Iron Ore Projects in Western Australia. Fe Limited was headquartered in West Leederville, Australia.

Top Oil Companies To Watch In Right Now: Texas Roadhouse Inc.(TXRH)

Texas Roadhouse, Inc., together with its subsidiaries, operates a full-service casual dining restaurant chain. It operates restaurants under the Texas Roadhouse and Aspen Creek names. The company also provides supervisory and administrative services for other license and franchise restaurants. As of December 27, 2011, it owned and operated 294 restaurants; and franchised and licensed an additional 72 restaurants in 47 states in the United States, and Dubai, the United Arab Emirates. The company was founded in 1993 and is based in Louisville, Kentucky.

5 Best Blue Chip Stocks To Buy Right Now: Omega Flex Inc.(OFLX)

Omega Flex, Inc. engages in the manufacture and sale of flexible metal hoses primarily in North America and Europe. Its product lines include corrugated metal hoses in a range of sizes and alloys, including three grades of stainless steel, bronze, Inconel, and Hastelloy. The company also manufactures a range of pressure reinforcing braids for its hoses in metallic and synthetic constructions. Its products are used in conveying various liquids and gases primarily in the construction, transportation, steel, pharmaceutical, petrochemical, processing, and semiconductor industries, as well as for instrumentation. Omega Flex sells its products directly, as well as through independent sales representatives, distributors, fabricating distributors, wholesalers, original equipment manufacturers, and its Website. The company, formerly known as Tofle America, Inc., was incorporated in 1976 and is based in Exton, Pennsylvania.