Oil Stocks Near The Center Of Today’s Biggest Market Moves

Big tech earnings have grabbed headlines, with Amazon jumping over 10% and Microsoft adding roughly US$450b in market value, while Apple slipped on weaker guidance and a leadership change. At the same time, ExxonMobil and Chevron reported strong quarterly results as crude prices reacted to Middle East supply disruptions. For energy investors, that mix of tech optimism, hedge fund de-risking, and oil market pressure is a useful reality check. This article looks at 3 large oil and gas stocks from our Energy Sector screener that appear closely tied to these developments and deserve a closer look right now.

Riley Exploration Permian (REPX)

Overview: Riley Exploration Permian is an independent oil and gas producer focused on acquiring, developing, and operating acreage in the Permian Basin, with core assets in Yoakum County, Texas, and the Yeso trend in Eddy County, New Mexico.

Operations: The company generates all of its roughly US$403.4m in revenue from oil and gas exploration and production in the United States.

Market Cap: US$727.2m

Riley Exploration Permian gives you direct exposure to higher oil prices at a time when ExxonMobil and Chevron have just reported strong results, yet the stock still trades on a relatively low P/E compared to peers. The company is growing production in Texas and New Mexico and investing in its own midstream and power infrastructure, which could create extra revenue streams over time. At the same time, high debt, recent margin pressure and a reported net loss driven by derivative marks mean results can look noisy quarter to quarter. In addition, there is a cash dividend, active buybacks and index inclusion, so the headline numbers only tell part of the story.

Riley Exploration Permian’s low P/E, expanding infrastructure and noisy earnings profile suggest that the headline story may be incomplete. Get the full picture with the 4 key rewards and 4 important warning signs

Surge Energy (TSX:SGY)

Overview: Surge Energy is a Calgary based oil and gas producer that focuses on acquiring, developing, and operating conventional light and medium oil assets across Western Canada, including core areas in Alberta, Saskatchewan, and Manitoba.

Market Cap: CA$992.9m

Surge Energy gives you direct exposure to oil prices at a time when ExxonMobil and Chevron have just posted strong results and crude is reacting to supply risks. Yet the stock still sits on a P/E close to the industry average and is indicated as trading well below one independent fair value estimate. Earnings and revenue forecasts point to solid growth, supported by raised 2026 production guidance and a 5% yield that can appeal to income focused investors, even though current earnings do not fully cover the dividend. At the same time, recent insider selling, reliance on higher risk borrowing and mixed margin trends mean this is not a simple income story and warrant closer inspection of the balance between growth and balance sheet strength.

Surge Energy’s mix of growth plans, a 5% yield and balance sheet questions is easy to misread. Get the full story with the 3 key rewards and 2 important warning signs

Imperial Oil (TSX:IMO)

Overview: Imperial Oil is a long established Canadian integrated energy company that explores for and produces crude oil and natural gas, processes these hydrocarbons into fuels and petrochemicals, and sells refined products under the Esso and Mobil brands across multiple end markets.

Market Cap: CA$87.5b

Imperial Oil stands out in this oil and gas majors screener because it combines large scale upstream production, a sizeable refining and petrochemicals footprint, and close ties to ExxonMobil at a time when higher crude prices are supporting global majors. Efficiency upgrades at Kearl, emissions focused projects like Pathways CCS and new renewable diesel capacity are aimed at keeping margins competitive even as policy pressure builds, although recent margin compression and slower forecast revenue growth show that profitability is not on a straight line. With an active 5% buyback program, a 1.91% dividend and a higher than peer P/E, it is a stock where buybacks, oil price sensitivity and execution on lower carbon projects could be far more important than the headline multiples suggest.

Imperial Oil’s buybacks, dividend and lower carbon projects could be masking what really drives the story next. See how these pieces fit together in the full narrative for Imperial Oil

The three stocks in this article are only a starting point, and the full screener has surfaced 21 more companies with equally compelling narratives in the Energy Sector (Oil & Gas Majors) screener. Use Simply Wall St to identify and analyze the specific catalysts, dividend profiles and commodity sensitivities that matter most so you can focus on the highest conviction opportunities in this corner of the energy sector.

Take Control of Your Investment Journey

If Imperial Oil or any of these companies sound like a great opportunity, register for FREE with Simply Wall St and add your companies to a Watchlist to monitor the share price against the fair value the ideal entry point. Once you've made your move, manage your holdings with our Portfolio Command Center that filters out the noise to deliver only the most critical, actionable updates. Throughout your journey, our Community allows you to filter the best ideas from thousands of investor perspectives. By uncovering hidden catalysts and risks early, you'll accelerate your decision-making and stay one step ahead of the market.

Seeking Alternatives Before The Crowd Moves

Fresh opportunities do not stay quiet for long. Stocks can move from under the radar to full momentum fast, while information still matters most. If you care about getting better entry points, consider acting early.

• Spot resilient cash generators early by scanning the list of solid balance sheet and fundamentals (45 results), which highlights companies built on stronger cash flows and cleaner balance sheets before the crowd catches on.
• Explore potential income streams by reviewing the 9 dividend fortresses, which focuses on higher yielding companies where payouts and balance sheet strength sit side by side while prices are still settling.
• Stay informed on developments in automation by checking the 35 robotics and automation stocks, where hand picked companies tied to robotics and automation could see sentiment move quickly once attention shifts.

This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

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