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

Oil is back on front pages, with Brent crude above $100–105 and natural gas prices spiking as the US–Iran conflict disrupts key shipping routes. That kind of shock can hurt energy hungry businesses while reshaping where cash flows in global markets. For investors, it can mean fresh risks and openings. This article unpacks the backdrop and highlights three integrated oil and gas producers most exposed to the latest moves in crude and gas.

The stocks covered below are only a small sample of large integrated oil and gas producers, while the full screen surfaced 36 more companies with equally compelling stories that are not included here. If you want to move beyond the headline tickers and actually sort, compare, and pressure test your own highest conviction ideas, head straight into the Global Integrated Oil & Gas Producers screener.

Riley Exploration Permian (REPX)

Riley Exploration Permian appears among the purest plays in this integrated producers screen for direct exposure to oil and gas prices, with its fortunes closely tied to how long the current spike in crude and gas lasts.

"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 consideration is what happens to that plan if a single pressure point in the wider energy market shifts faster than expected.

Riley Exploration Permian is an independent oil and natural gas producer focused on the Permian Basin in Texas and New Mexico. It generated about US$484 million from oil and gas exploration and production activities, with a market cap of roughly US$949 million.

If that risk‑reward balance matters to you, read the full narrative for Riley Exploration Permian to see how management aims to turn today’s volatility into accelerating cash generation potential.

Viper Energy (VNOM)

Viper Energy gives you integrated oil and gas exposure through a royalty model, plugging directly into the Permian without running rigs or crews itself. This is exactly the kind of high cash conversion profile this screener is built to surface.

Viper Energy, Inc. is a Midland based royalty owner focused on mineral interests in the Permian Basin. It has generated about US$1.9b from acquiring oil and gas properties in the United States and carries a market value near US$16.1b.

"The Permian is home to almost half of all onshore horizontal rigs in the United States, making it the place to be for oil and gas production with elevated reserves and low breakeven prices."

What really matters next is how one less visible pressure on those royalty checks shapes the durability of Viper Energy’s high margin profile.

That pressure point is exactly what the full narrative for Viper Energy unpacks, showing where Viper Energy’s royalty cash flows could decouple from headline crude swings.

Diamondback Energy (FANG)

Diamondback Energy sits in the sweet spot of this integrated producers screen, giving you large cap Permian exposure that behaves like an oil major whenever crude and gas prices swing, yet remains a focused exploration and production business.

Diamondback Energy, Inc. is an independent Permian Basin producer that concentrates on unconventional oil and gas drilling, generating about US$16.2b from upstream operations in the United States and carrying a market value near US$55.9b.

"Ongoing consolidation in the Permian Basin, with Diamondback positioned as the "consolidator of choice" due to its industry-best integration, low cost structure, and ability to deliver synergies from recent large acquisitions (e.g., Double Eagle, Endeavor), supports future growth in scale, cost savings, and higher EBITDA margins."

The real swing factor from here is what happens if one less obvious input into that low cost model starts to move against the company.

If that quieter cost input is on your mind, read the full narrative for Diamondback Energy to see how Diamondback Energy could keep accelerating cash returns if conditions shift.

Seeking Alternatives Before Momentum Flies

Fresh ideas move first. By the time every headline catches on, the real breakout momentum can be gone. Scan under the radar for now and act early where appropriate.

• Spot early-turn leaders with strong cash generation by running your filters through the 31 high quality undervalued stocks before that quality is fully reflected in prevailing prices.
• Track capital moving into future infrastructure by scanning the curated 39 power grid technology and infrastructure stocks while these plays may still be in earlier stages of accumulation rather than broader attention.
• Focus on resilient balance sheets by sorting through the list of solid balance sheet and fundamentals (24 results) and organizing your watchlist while credit spreads and other conditions remain suitable for your strategy.

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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