Global Events Reshape Oil and Gas Market, ADNOC Gas, Naftna Industrija Srbije a.d, and Cheniere Energy in Spotlight

A series of global events is reshaping how investors think about energy supply and pricing power. The collapsing Iranian rial, war risk tied to US and Israel actions, and rising hazards around the Strait of Hormuz are causing investors to reevaluate their portfolios.

According to analysts, these shocks can reward some companies while challenging others. Three large integrated oil and gas stocks from the screener that are closely linked to this story have been profiled: ADNOC Gas (ADX:ADNOCGAS), Naftna Industrija Srbije a.d (BELEX:NIIS), and Cheniere Energy (LNG).

ADNOC Gas is a large Abu Dhabi-based gas processor and transmitter that turns associated and non-associated gas from UAE oil and gas fields into saleable products for domestic and export customers, including LNG and natural gas liquids. The company runs a 3,260 kilometer pipeline network and supplies everything from natural gas and ethane to propane, butane, paraffinic naphtha, condensates, and industrial gases.

ADNOC Gas generates all of its roughly $16.3 billion in revenue from its Gas Business in the United Arab Emirates. It has a high single-digit dividend yield and a track record of board-approved dividend growth targets, but income investors need to watch cash generation closely due to free cash flow coverage and a funding mix that relies on higher-risk external sources.