Oil Prices Top $100, Spotlight Shines on Exposed Energy Stocks

Oil prices have surpassed $100 per barrel, prompting investors to pay closer attention to oil and energy stocks. This trend has been driven by renewed conflict in Iran, rising oil prices, and uncertainty surrounding the Federal Reserve's next move. These macroeconomic shocks can significantly impact which companies appear resilient and which are exposed.

Three large oil and energy stocks have caught the attention of investors: Kolibri Global Energy (TSX:KEI), Ovintiv (NYSE:OVV), and Murphy Oil (NYSE:MUR). Kolibri Global Energy, a small upstream oil and gas producer, has been generating $60.6 million in revenue from its operations in Oklahoma. The company's market cap is CA$255.1 million, and analysts expect strong earnings and revenue growth.

Ovintiv, on the other hand, is a large North American oil and gas producer that generates $6.0 billion in revenue from its US operations and $3.6 billion from Canada. The company has seen recent free cash flow of $682 million in Q2 2026 and is working to reduce debt below $3.0 billion.

Murphy Oil, a mid-sized oil and gas exploration and production company, generates $2.2 billion in revenue from its US operations and $521.4 million from Canada. The company has been working to keep offshore service costs in check through favorable rig contracts and structural cost reductions.