Energy Stocks on the Rise as Brent Crude Tops $90

With Brent crude prices pushing above $90 per barrel due to US and Iran forces clashing around the Strait of Hormuz, energy risk is suddenly back on every screen. This can quickly reprice sectors, creating sharp winners and losers. Three integrated oil and gas stocks from our Global Integrated Oil & Gas Producers screener are being watched closely: Jadestone Energy (AIM:JSE), Murphy Oil (MUR), and ConocoPhillips (COP).

Jadestone Energy is an Asia Pacific-focused independent oil and gas producer that gives direct exposure to upstream production highly sensitive to global oil and gas prices. Its revenue comes mainly from producing assets in Australia, Malaysia, and Indonesia, with a market cap of roughly £202 million.

Murphy Oil is a global exploration and production company directly tied to sustained high crude prices and supply disruptions, with most of its revenue coming from the United States. ConocoPhillips is one of the largest pure play exploration and production companies in the screener, giving direct exposure to crude and LNG prices.

These companies' portfolios are heavily skewed to oil-weighted revenue, leaving them highly exposed to swings in commodity prices. However, they also have meaningful leverage to global energy security themes due to their large long-life assets and expanding LNG projects.