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

Oil is back in the geopolitical spotlight, with Trump rejecting Iran’s short ceasefire proposal and keeping the Strait of Hormuz question wide open. That uncertainty feeds straight into energy markets and can reprice risk across sectors, not just for drillers and refiners. This article explains what that might mean for your portfolio and highlights 3 stocks from our Global Oil & Gas Producers screener that may be positively exposed to this news shock.

The three oil and gas stocks covered below are just a sample, while the full screen on Simply Wall St surfaced 54 more producers and integrated energy groups with equally interesting stories that are not unpacked here. To identify and analyze the highest conviction ideas for your own process, head straight into the Global Oil & Gas Producers screener.

Baytex Energy (TSX:BTE)

Baytex Energy is a pure play on the Global Oil & Gas Producers theme, with upstream barrels that feel every move in crude prices and a development program that increasingly leans on getting more out of each well rather than just drilling more of them.

"Baytex Energy's continuous improvement in drilling and completion efficiencies, particularly in the Eagle Ford and Pembina Duvernay plays, is expected to lead to improved capital costs and better production performance, which will likely impact revenue and net margins positively."

What really moves the needle for Baytex is how one unresolved cost and capital allocation pressure shapes future cash generation if conditions change.

Baytex Energy Corp. is a Calgary based upstream producer focused on crude oil and natural gas, generating about CA$1.7b from oil and gas exploration and production and carrying a market value of roughly CA$4.5b.

That pressure point is exactly where the full narrative for Baytex Energy picks up, mapping how Baytex Energy’s capital choices could accelerate or stall value creation as conditions shift.

OKEA (OB:OKEA)

OKEA plugs straight into the Global Oil & Gas Producers theme, with a pure upstream focus on the Norwegian Continental Shelf that turns global crude price swings into direct moves in operating cash flow.

OKEA ASA develops and produces oil and gas on the Norwegian Continental Shelf. It generates about $898 million from development and production of oil and gas, all from Norway, and carries a market value of roughly NOK4.2 billion.

"Ongoing infill and development drilling around existing hubs, such as Garn West South at Draugen and new production wells at Brage and Statfjord, is set up to keep using installed infrastructure more intensively, which can support field life and capital efficiency, with potential to benefit revenue and earnings."

What really matters now is how one evolving production profile reshapes future margins if oil prices stay volatile longer than many expect.

If that production mix is what catches your eye, read the full narrative for OKEA to see how OKEA’s cash flows could be accelerating or stalling beneath the surface.

Prio (BOVESPA:PRIO3)

Prio is a pure-play offshore producer in Brazil that gives you direct exposure to the Global Oil & Gas Producers theme through its export driven barrels and leveraged earnings profile.

Prio generates all its R$21.4b in revenue from oil and gas exploration and production, primarily exported abroad, and carries a roughly R$47.4b market value.

"Ramp-up of production at the Wahoo field, supported by the recently obtained installation license and continuing progress on drilling/installation, will add significant new output in 2026–2027. This is expected to increase both revenues and operating leverage as production grows faster than fixed costs."

What really matters for Prio is how one emerging cost and funding pressure shapes future margin resilience if crude price strength starts to fade.

If that pressure point is what you are trying to size, the full narrative for Prio shows where Prio’s operating leverage could be accelerating or masking emerging risks.

Seeking Alternatives Beyond Oil Producers?

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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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