3 Oil And Gas Stocks For Higher Crude Prices And Inflation Pressure

Oil has rarely felt this political. The partial closure of the Strait of Hormuz sent Brent above $118, rippled through gasoline and diesel prices, and helped push inflation and US Treasury yields higher. That mix of supply shock and rate pressure is reshaping winners and losers across global integrated oil and gas majors. This article walks through three stocks from our screener that appear especially exposed to this new reality.

The three majors in focus below are just a starting sample, since the full screen surfaced 24 more large integrated oil and gas groups with equally detailed stories that are not covered here. To identify and analyze those extra candidates that fit this theme, head straight into the Global Integrated Oil & Gas Majors screener.

Eni (BIT:ENI)

Overview: Eni is a large integrated energy group that explores, produces, refines, trades, and sells oil, gas, power, chemicals, and low carbon fuels worldwide.

Operations: Eni generates most revenue from Exploration & Production at €60.1b, with sizeable contributions from Enilive (€23.8b), Refining and Chemicals (€21.8b), and Global Gas & LNG Portfolio and Power (€20.3b).

Market Cap: €73.4b

Within this group of global integrated producers, Eni is one of the clearest examples of a full value chain model. The analyst consensus Narrative on Simply Wall St frames why that matters when oil supply shocks hit and gas flows are being rerouted.

"Eni's expanding LNG and gas portfolio, including large discoveries such as Geliga in Indonesia and Denise in Egypt together with planned LNG projects in Indonesia, Argentina and Mozambique, is expected to add future production volumes that feed into revenue and earnings growth as long term contracts and offtake agreements are put in place."

What could really shift the picture for Eni is how one pressure point around long dated funding interacts with those future LNG volumes.

That funding tension is exactly where the full narrative for Eni pulls the story together, showing how Eni could turn contract timing into accelerating leverage on future LNG flows.

Rabigh Refining and Petrochemical (SASE:2380)

Overview: Rabigh Refining and Petrochemical operates a large Saudi-based integrated refinery and petrochemical complex supplying fuels and plastics worldwide.

Operations: Rabigh Refining and Petrochemical generates about SAR 50.2b from Refined Products and SAR 12.4b from Petrochemicals, serving Middle East and global customers.

Market Cap: SAR 32.1b

Rabigh Refining and Petrochemical fits this majors screen because it runs a full-scale refining and petrochemical hub in a key oil producing country. Recent results show profitability, a low P/E multiple, and high utilization that can benefit from tight refining capacity, depending on how one unresolved pressure on future earnings plays out.

That unresolved earnings question is exactly why the 3 key rewards and 2 important warning signs (2 are major!) could be worth a look for understanding how current utilization and pricing might be masking future swings.

North Atlantic Energies (ENXTPA:NAE)

Overview: North Atlantic Energies runs refining assets in France, supplying fuels and specialty petroleum products while operating Esso branded fuel retail and wholesale networks.

Operations: North Atlantic Energies generates about €11.4b in revenue from Refining and Distribution, giving investors concentrated exposure to European refining economics.

Market Cap: €956.4 million

For anyone using this majors-themed screen to focus on large fuel suppliers, North Atlantic Energies offers relatively focused European refining exposure rather than a full upstream to downstream mix. Recent results still show losses at a time when refining capacity is limited worldwide, which places greater emphasis on how changes in any single pressure on its margin cycle could affect outcomes.

Those margin swings are exactly why the 1 key reward and 4 important warning signs (3 are major!) could be useful if you want to see where North Atlantic Energies’ refining cycle might be quietly resetting.

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