3 Oil And Gas Stocks With Direct Exposure To Higher Oil Prices

Bond markets have jolted investors, with UK gilt yields at multi decade highs and Brent crude at $105, adding fresh strain to everything from mortgages to manufacturing. That mix of pricier money and pricier oil can punish some holdings while supporting others. This article walks through three stocks from a targeted Oil & Gas Producers and Integrated Energy screener that appear positioned to feel the impact most directly, and explains why that matters for your portfolio today.

The stocks covered below are just a sample, and the full screen surfaced 31 more U.S. and U.K. energy companies with equally compelling stories that are not unpacked in this article.

Head straight into the Oil & Gas Producers and Integrated Energy Majors screener to identify, filter and analyze the producers and integrated majors that best fit your own highest conviction view on oil and gas.

Serica Energy (AIM:SQZ)

Overview: Serica Energy is a UK based upstream oil and gas producer focused on discovering, developing and extracting hydrocarbons in British waters.

Operations: The business generates all of its approximately $974 million revenue from oil and gas exploration, development and production activities in the UK.

Market Cap: £1.1b

For investors looking for pure upstream exposure within this screener, Serica Energy offers direct linkage to UK oil and gas pricing as production ramps and new assets are integrated.

"Production is expected to ramp up meaningfully in the second half of 2025 and into 2026, following the resolution of the Triton FPSO outages and successful completion of a major drilling program, setting the stage for increased revenue and potentially stronger net margins as output normalizes."

The real swing factor for Serica Energy is how changes in its cost base and funding mix ultimately feed through to margins.

That margin story is where things get interesting, and the full narrative for Serica Energy shows how Serica Energy’s funding mix, tax regime and project timing could reshape the risk reward profile.

Riley Exploration Permian (REPX)

Overview: Riley Exploration Permian is an independent upstream producer focused on oil, gas and liquids across Permian acreage in Texas and New Mexico. This gives investors direct exposure to crude price swings through on the ground drilling and production.

Operations: Riley Exploration Permian generates about $484 million in revenue from oil and gas exploration and production activities entirely within the United States.

Market Cap: $950 million

Riley Exploration Permian sits near the center of this Oil & Gas Producers and Integrated Energy theme because its Permian wells can turn higher crude prices into cash flow in a relatively direct way. This is the kind of operational leverage investors often look for when bond markets tighten and oil prices move higher.

"The investment in midstream infrastructure will enhance operational control, optimize gas flow, and open commercial opportunities with third-party producers, contributing to increased future revenue."

One question for investors is what happens to margins if an unseen pressure on future cash generation shifts just as those new revenue streams begin to scale.

That unseen pressure is the real story, and the full narrative for Riley Exploration Permian shows how Riley Exploration Permian’s cash engine could accelerate or stall from here.

Gulf Keystone Petroleum (LSE:GKP)

Overview: Gulf Keystone Petroleum is an upstream oil producer focused on developing and operating the Shaikan field in Kurdistan, directly linked to global crude pricing.

Operations: The business generates about $193 million from oil and gas exploration and production, largely sourced from the Kurdistan Region of Iraq.

Market Cap: £418 million

For an oil focused screener built around producers that respond directly to crude price swings, Gulf Keystone Petroleum provides pure upstream exposure tied to a single large field in a geopolitically sensitive region.

"The company's upcoming commissioning of new water handling facilities at Production Facility 2 is expected to unlock an incremental 4,000 to 8,000 barrels per day of gross production from currently constrained wells, directly supporting higher revenue and enhanced net margins."

What happens to that cash generation if a single key assumption about long term access to higher priced export markets shifts?

If that assumption proves fragile, full narrative for Gulf Keystone Petroleum describes how Gulf Keystone Petroleum’s cash engine could still accelerate or stall as export optionality shifts.

Seeking Fresh Alternatives Beyond Energy?

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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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