Oil Stocks Surge on US-Iran Conflict: Which Ones to Watch?

Oil prices have surged due to renewed US and Iran clashes in the Strait of Hormuz. In response, investors are looking for stocks that can benefit from higher crude prices.

The Global Oil & Gas Producers screener has identified several companies with direct exposure to crude price cycles. One such company is DNO (OB:DNO), a pure upstream oil and gas producer with operations in the Middle East, North Sea, and West Africa.

DNO's revenue is closely tied to crude prices, generating around $2.4 billion from oil and gas activities. The company has a market value of approximately NOK17.2 billion and offers a mix of mature cash-flowing assets and growth projects, including the expanded North Sea portfolio.