Brent Nears $100 as Supply Risks Resurface in Oil Markets

Oil stocks are gaining attention as Brent crude approaches $100 per barrel and supply risks resurface.

New US sanctions on Iranian airlines, tensions around the Strait of Hormuz, and rising oil prices have put energy exposure back in focus.

This article explores how integrated producers are affected by these developments and highlights three stocks from the Global Integrated Oil & Gas Producers screener that appear particularly exposed: Energean (LSE:ENOG), Devon Energy (DVN), and VAALCO Energy (NYSE:EGY).

Energean, a London-based oil and gas producer focused on exploration and development in the Eastern Mediterranean region, generates about $1.7 billion from oil and gas exploration and production.

Devon Energy, a large US oil and gas producer with shale-focused operations, generates around $18.8 billion in revenue from oil and gas exploration and production.

VAALCO Energy, an independent Houston-based producer focused on offshore oil and gas fields across West Africa and Egypt, generates about US$350 million from hydrocarbon exploration and production.