Three Oil Majors Riding the Crude Price Wave

The recent spike in Brent crude prices above $100-$105 and natural gas prices has caught investors' attention, particularly for energy-hungry businesses.

Integrated oil and gas producers are closely tied to these price movements, making them an attractive sector to watch for potential opportunities or risks.

This article will focus on three integrated oil and gas producers with direct exposure to higher crude prices: Riley Exploration Permian (REPX), Viper Energy (VNOM), and Diamondback Energy (FANG).

Riley Exploration Permian, a pure play in the integrated producers screen, has its fortunes closely tied to how long the current spike in crude and gas lasts. The company's midstream infrastructure investment will enhance operational control, optimize gas flow, and open commercial opportunities with third-party producers.

Viper Energy offers integrated oil and gas exposure through a royalty model, plugging directly into the Permian without running rigs or crews itself. This high cash conversion profile makes it an attractive option for investors looking to capitalize on the current market conditions.

Diamondback Energy sits in the sweet spot of this integrated producers screen, providing large-cap Permian exposure that behaves like an oil major whenever crude and gas prices swing.