Oil Stocks In Focus As Goldman Lifts Brent Forecasts

Oil is back in the spotlight after Goldman Sachs lifted its Brent and WTI forecasts, signaling that higher crude prices could linger while supply risks from the Iran war keep traders on edge. That mix of tight barrels and elevated risk pricing can reshape cash flows, dividends and capital plans across large integrated producers. This article unpacks how three global oil and gas stocks in our screener are exposed to these shifting expectations.

The three stocks discussed below are just a starter set from this theme. The full screen surfaced 9 more large integrated oil and gas companies with equally compelling narratives that are not covered here. To identify and analyze the highest conviction ideas across this broader group, head straight into the Global Integrated Oil & Gas Producers screener.

Naftna Industrija Srbije a.d (BELEX:NIIS)

Overview: Naftna Industrija Srbije a.d is an integrated Serbian oil and gas group spanning exploration, production, refining, fuel retail, and power.

Market Cap: RSD117.1b

Naftna Industrija Srbije a.d gives you broad upstream to downstream exposure within a single integrated operator that is closely tied to Brent pricing. Recent Q2 2026 revenue of RSD105,547.03 million and a swing back to profit underline the scale that fits this screener’s brief, yet future returns hinge on how one unseen pressure shapes cash generation and dividend comfort.

That hidden pressure on cash generation makes it worth pulling up the 1 key reward and 3 important warning signs (1 is major!) to see what might accelerate or cap Naftna Industrija Srbije a.d from here.

Antero Midstream (AM)

Overview: Antero Midstream runs gathering, processing, and water infrastructure that supports Antero Resources in Appalachia, providing midstream exposure within this integrated oil and gas themed screen.

Operations: Antero Midstream generated about US$1.03b from Gathering and Processing and US$278 million from Water Handling, entirely in the United States.

Market Cap: US$10.01b

For investors using this screen to target broader oil and gas exposure, Antero Midstream offers a more fee-heavy way to tap sector activity rather than pure commodity price sensitivity.

"Rising in basin natural gas demand from new West Virginia gas fired power plants and data centers is expected to increase throughput on Antero Midstream’s gathering and intrastate pipeline system over time, which can support higher fee based revenue."

The key consideration is how this evolving demand trend may affect margins, balance sheet flexibility, and future payout comfort.

That payout question is only the starting point, and the full narrative for Antero Midstream shows how Antero Midstream’s fee model, leverage profile and capital plans could be quietly accelerating the story.

OMV Petrom (BVB:SNP)

Overview: OMV Petrom is an integrated Romanian energy group that explores and produces oil and gas, refines fuels, and sells gas and power across the region.

Operations: OMV Petrom generates most of its revenue from Refining and Marketing at RON27.7b, Gas and Power at RON13.7b, and Exploration and Production at RON9.9b.

Market Cap: RON76.9b

Within a screen built around large integrated oil and gas producers, OMV Petrom offers direct upstream leverage to crude prices plus meaningful exposure to refining, gas and power. This makes the current oil backdrop and project pipeline particularly important.

"Progress at the Neptun Deep Black Sea gas project remains on track and is expected to materially increase OMV Petrom’s production volumes, reduce unit production costs and lower E&P cash flow breakeven towards about US$30 per barrel of oil equivalent."

What really moves the needle for future margins and dividend comfort is how one capital heavy growth plan interacts with that commodity setup.

That capital heavy plan is only one part of the story, and the full narrative for OMV Petrom explains how Neptun Deep, cash returns and key risks could be quietly accelerating OMV Petrom’s next phase.

Seeking Fresh Alternatives Before They Fly

New themes keep breaking out while older ideas lose momentum. Fresh watchlists can get caught early, while they are still under the radar for now.

• Spot cash rich operators before momentum headlines hit by scanning the curated list of solid balance sheet and fundamentals (202 results) built around financial strength and resilient fundamentals.
• Track surging infrastructure tailwinds by running through the hand picked 43 power grid technology and infrastructure stocks focused on companies upgrading transmission, stability and long term grid capacity.
• Monitor the next wave of hardware demand by checking the filtered 91 robotics and automation stocks targeting automation leaders focused on efficiency as labor costs change.

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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